Few hashish shares are within the place to pay dividends to shareholders, and your complete sector has seen valuations get crushed. For instance, the AdvisorShares Pure US Hashish ETF (NASDAQ: MSOS) is down 68% for the previous 12 months.
But, there are a handful of hashish firms that do pay dividends and for probably the most half, these disbursements have remained regular. In some circumstances, the dividends have even elevated.
So if valuations have you ever as down as your portfolio, take coronary heart that some firms have a robust dedication to their dividend recreation.
Regular dividend payers
Revolutionary Industrial Properties (NYSE: IIPR) final week introduced that its board of administrators declared a first-quarter dividend of $1.90 per share of widespread inventory, representing an annualized dividend of $7.60 per widespread share. In 2023, the corporate paid roughly $1.80 per share.
Since its inception, IIP has paid greater than $885 million in widespread inventory dividends to its shareholders.
“The corporate has continued to execute, producing over $255 million of money stream from operations and returning over $210 million to shareholders by means of dividends, persevering with our observe document of accelerating our annual dividends annually since our inception in 2016,” Government Chairman Alan Gold mentioned throughout the firm’s newest earnings name.
The announcement got here regardless of ongoing challenges with one in all its largest portfolio holdings, PharmaCann. The 2 firms had introduced an association to deal with the MSO’s default, however in keeping with a regulatory submitting, it seems to be like PharmaCann hasn’t lived as much as its promise to begin paying its hire once more.
Turning Level Manufacturers (NYSE: TPB) declared a daily quarterly dividend of $0.075 per widespread share on the finish of February. This was a 7% enhance over the common quarter dividend declared in November 2024. The corporate paid $0.07 per share in 2024. The dividend is payable on April 11 to shareholders of document on the shut of enterprise on March 21.
The corporate’s ahead annual dividend yield, in keeping with Yahoo Finance, is 0.52%. Alliance World Companions is protecting its purchase score on the inventory and elevated its value goal from $80 to $85.
Scotts Miracle-Gro Co. (NYSE: SMG) introduced a money dividend of $0.66 per share on the finish of January. Regardless of the corporate’s struggles with the Hawthorne hydroponic subsidiary, the corporate has maintained a gentle dividend. It has been paying the 66-cent dividend since 2022 and has a dividend yield of three.4%.
SMG’s inventory is just down 9.7% for the previous 12 months, which in comparison with different hashish shares isn’t too disappointing. Nonetheless, many of the firm’s gross sales are in its dwelling gardening division and never Hawthorne, which it plans to spin off.
Dividend drop
Superior Flower Capital (NASDAQ: AFCG), which was previously often called AFC Gamma, reported its earnings final week and informed buyers the dividend was dropping. The corporate declared a dividend of $0.33 for the fourth quarter, which was down from final yr’s fourth-quarter dividend of $0.48.
InvestingPro reported that knowledge reveals, “The corporate maintains a major 13.9% dividend yield, though dividend progress has declined by 31.25% during the last 12 months.”
AFC’s earnings precipitated analysts to drop value targets on the corporate, with Jefferies Monetary Group downgrading shares from a purchase score to a maintain score with a $7 goal value on the inventory. That’s down from its prior goal value of $10. Alliance World Companions additionally lowered its value goal to $10 from $13 and stored a Purchase score on the shares.
Different cannabis-adjacent firms that pay dividends embrace Altria Group, which had a considerable funding in Cronos Group. That firm has an 8.3% dividend yield. Constellation Manufacturers additionally has an enormous funding in Cover Progress, and it has a dividend yield of 1.47%.