JLL Income Property Trust Declares 33rd Consecutive Quarterly Dividend
March 19, 2020 | JLL Property Income Trust
CHICAGO, March 19, 2020 /PRNewswire/ — JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), announced that on March 3, 2020, its Board of Directors approved a gross dividend for the first quarter of 2020 of $0.135 per share. JLL Income Property Trust has declared thirty-three consecutive quarterly dividends to its stockholders beginning with the first quarter 2012.
The dividend is payable on or around March 30, 2020 to stockholders of record as of March 25, 2020. On an annualized basis, this gross dividend is equivalent to $0.54 per share and represents a yield of approximately 4.4 percent on a NAV per share of $12.30 as of March 2, 2020. All stockholders will receive $0.135 per share less applicable share class specific fees and the annualized yield will differ based on the share class.
A fourth quarter dividend of $0.135 per share, less applicable share class specific fees, was paid according to the table below on February 3, 2020 to stockholders of record as of December 30, 2019.
