Chicago Atlantic Real Estate Finance Declares Common Stock Dividend of $0.47 for the Third Quarter of 2024
Rhea-AI Summary
Chicago Atlantic Real Estate Finance (NASDAQ: REFI) has declared a regular quarterly cash dividend of $0.47 per share for the third quarter of 2024. This dividend equates to an annualized rate of $1.88 per common share. The payment is scheduled for October 15, 2024, to shareholders of record as of the close of business on September 30, 2024. Chicago Atlantic Real Estate Finance is a commercial mortgage real estate investment trust (REIT) that provides consistent returns to its shareholders through regular dividend payments.
Positive
- Consistent quarterly dividend payment of $0.47 per share
- Annualized dividend rate of $1.88 per common share
- Timely declaration and payment of dividend indicates financial stability
Negative
- None.
News Market Reaction – REFI
In the trading session that priced this news, REFI gained 1.45%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CHICAGO, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI), a commercial mortgage real estate investment trust, announced that its board of directors has declared a regular quarterly 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 Miami, Florida, and Chicago, Illinois and has deployed over
Contact:
Tripp Sullivan
SCR Partners
IR@REFI.reit
