Alpine Income Property Trust (PINE) hikes dividend for 4th consecutive year in 2024

Alpine Income Property Trust, Inc. (PINE) has declared a quarterly cash dividend of $0.280 per share for Q3 2024, a 1.8% increase from the previous dividend of $0.275. 

This dividend yields about 6.4% based on the closing price on August 19, 2024. It will be payable on September 30, 2024, to shareholders of record on September 12, 2024, with the ex-dividend date also on September 12, 2024. The dividend yield for PINE is 6.3% at a stock price of $17.37. This follows a 1.9% dividend hike by PINE in 2023.

Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust that seeks to deliver attractive risk-adjusted returns and dependable cash dividends by investing in, owning and operating a portfolio of single tenant net leased commercial income properties that are predominately leased to high-quality publicly traded and credit-rated tenants.