Strawberry Fields REIT raises dividend to 16c from 14c per share

Strawberry Fields REIT (STRW) announced that its Board of Directors declared a cash dividend on its common stock in the amount of 16c per share. The dividend will be payable in cash on September 30 to stockholders of record as of the close of business on September 16. Moishe Gubin, the company’s Chairman & CEO, noted: “A stable dividend is a key component to our company and I am excited that our Board of Directors has approved an increase of $0.02 a share for the upcoming dividend payment in September. This $0.02 a share represents a 14.3% increase of our dividend, while the company continues to maintain its dividend payout ratio below 50%.”