Chicago Atlantic Real Estate Finance Declares Common Stock Dividend of $0.47 for the Fourth Quarter of 2024
Chicago Atlantic Real Estate Finance (NASDAQ: REFI) has announced two dividend distributions: a regular quarterly cash dividend of $0.47 per common share for Q4 2024, and a special dividend of $0.18 per common share.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Chicago Atlantic Real Estate Finance (NASDAQ: REFI) has announced two dividend distributions: a regular quarterly cash dividend of $0.47 per common share for Q4 2024, and a special dividend of $0.18 per common share. The regular dividend represents an annualized rate of $1.88 per share. Both dividends will be paid on January 13, 2025, to shareholders of record as of December 31, 2024. The special dividend is required to maintain REIT compliance with U.S. federal income tax rules and was calculated based on estimated 2024 performance.
Positive
- Regular quarterly dividend maintained at $0.47 per share
- Additional special dividend of $0.18 per share announced
- Total combined dividend payment of $0.65 per share for Q4
Negative
- None.
Details
News Market Reaction – REFI
The recorded move for REFI in the trading session of this news was -0.19%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Declares Special Dividend of
CHICAGO, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI), a commercial mortgage real estate investment trust (“REIT”), announced that its board of directors has declared a regular quarterly cash dividend of
The board of directors also declared a special cash dividend of
About Chicago Atlantic Real Estate Finance, Inc.
Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) is a market-leading commercial mortgage REIT utilizing significant real estate, credit and cannabis expertise to originate senior secured loans primarily to state-licensed cannabis operators in limited-license states in the United States. REFI is part of the Chicago Atlantic platform which has offices in Chicago, Miami, New York, and London and has closed over
Contact:
Tripp Sullivan
SCR Partners
IR@REFI.reit
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