Chicago Atlantic Real Estate Finance Declares Common Stock Dividend of $0.47 for the Second Quarter of 2024

Rhea-AI Summary

Chicago Atlantic Real Estate Finance (NASDAQ: REFI) announced a regular quarterly cash dividend of $0.47 per share for Q2 2024. This dividend translates to an annualized rate of $1.88 per common share. Shareholders of record by June 28, 2024, will receive the dividend on July 15, 2024. This announcement underscores the company's commitment to delivering consistent returns to its shareholders.

Positive

• Quarterly dividend of $0.47 per share announced.
• Annualized dividend rate of $1.88 per share.
• Dividend payout date set for July 15, 2024.
• Record date for shareholders set for June 28, 2024.

Negative

• Dividend announcement does not include any information on revenue or earnings growth.
• No strategic updates or future growth plans were mentioned.
• Potential shareholder dilution if additional shares are issued in the future.

CHICAGO, June 14, 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 $0.47 per share for the second quarter of 2024. The regular quarterly dividend, which equates to an annualized rate of $1.88 per common share, is payable on July 15, 2024, to shareholders of record as of the close of business on June 28, 2024.

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 85 employees with offices in Miami, Florida and Chicago, Illinois and has deployed over $2.1 billion in credit facilities to date.

Contact:
Tripp Sullivan
SCR Partners
IR@REFI.reit

FAQ

What is the quarterly dividend declared by Chicago Atlantic Real Estate Finance for Q2 2024?

Chicago Atlantic Real Estate Finance declared a quarterly dividend of $0.47 per share for Q2 2024.

When will Chicago Atlantic Real Estate Finance pay the Q2 2024 dividend?

The Q2 2024 dividend will be paid on July 15, 2024.

What is the annualized dividend rate for REFI in 2024?

The annualized dividend rate for REFI in 2024 is $1.88 per common share.

What is the record date for the Q2 2024 dividend of REFI?

The record date for the Q2 2024 dividend is June 28, 2024.