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Innovative Industrial Properties ups Q4 dividend 28%

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Innovative Industrial Properties ups Q4 dividend 28%

Innovative Industrial Properties Inc. raised its dividend for the fourth quarter by approximately 28% to $1.00 per common share from its previous quarterly distribution of 78 cents apiece.

The dividend will be paid by the industrial real estate investment trust on Jan. 15, 2020, to shareholders of record at business close Dec. 31.