Alpine Income Property Trust, Inc. (PINE), a real estate investment trust (REIT), has recently made an announcement regarding its quarterly dividend. Alpine's Board of Directors has authorized and declared a cash dividend for the second quarter of 2023.

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Increase in Dividend

Alpine Income Property Trust, Inc. has demonstrated its commitment to delivering value to its shareholders by authorizing a 1.9% year-over-year increase in its common stock cash dividend. This increase reflects the company's strong financial performance and strategic dividend policy. Shareholders can now anticipate a quarterly cash dividend of $0.275 per share of common stock.

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Annualized Yield

The announcement of the common stock cash dividend brings with it an annualized yield of approximately 7.0%. This calculation is based on the closing price of Alpine Income Property Trust's common stock on May 19, 2023.

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Key Dates for Dividend Payment

The Common Stock Cash Dividend is scheduled to be paid on June 30, 2023. To qualify for this dividend, shareholders must be on record as of the close of business on June 8, 2023. It is important to note that the ex-dividend date for the Common Stock Cash Dividend is set for June 7, 2023.

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Members of LevelFields received the alert of this event on May 22, 8:05 AM ET

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