Jernigan Capital (JCAP) Declares $0.35 Quarterly Dividend; 7.3% Yield

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Go back to Jernigan Capital (JCAP) Declares $0.35 Quarterly Dividend; 7.3% Yield

Jernigan Capital Announces Dividends for Second Quarter 2018

May 4, 2018 8:15 AM EDT

MEMPHIS, Tenn.--(BUSINESS WIRE)-- Jernigan Capital, Inc. (NYSE: JCAP) (the Company) announced today that its Board of Directors declared a quarterly cash dividend of $0.35 per share of common stock for the quarter ending June 30, 2018. The dividend is payable on July 13, 2018 to common stockholders of record on July 2, 2018. The quarterly distribution represents an annualized dividend rate of $1.40 per share, which is the annual dividend rate that the Company has maintained since its IPO in 2015.

The Companys Board of Directors also declared a quarterly cash dividend on the Series B Preferred Stock in the... More