Chicago Atlantic REIT declares dividend after strong earnings and successful loan restructuring

From Yahoo Finance: 2025-06-26 02:11:00

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) is listed among the 10 best low-risk dividend-paying stocks for June 2025, following strong performance and successful loan restructuring in the first quarter earnings call. The company announced a cash dividend for the second quarter.

Chicago Atlantic REIT, based in Florida, offers senior secured loans to state-licensed cannabis operators in limited-license states. In its first quarter earnings call, the company reported outperforming exchange-listed mortgage rates by 51% to 55% since inception. Successful loan restructuring may lead to a $1.2 million reserve reversal.

On June 16, 2025, Chicago Atlantic REIT declared a regular quarterly cash dividend of $0.47 per share for the second quarter. With a beta of 0.31 and a dividend yield of 13.28%, the company offers an attractive and less volatile income. Investors must purchase stock before June 30, 2025, to qualify for the next dividend payout.

Read more: Chicago Atlantic REIT Declares Dividend Following Strong Earnings and Restructuring