Prologis, Inc. (PLD) recently announced a 5.9% increase in its quarterly cash dividend to $1.07 per share, an annualized amount of $4.28, reflecting a 3.14% dividend yield based on its current share price. This marks the fifth dividend hike in five years for the industrial REIT, demonstrating a commitment to shareholder wealth. The company’s strong operational performance, strategic property locations, and healthy balance sheet suggest the sustainability of this increased dividend.
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Prologis Rewards Its Investors With a 5.9% Dividend Increase
Prologis, Inc. (PLD) recently announced a 5.9% increase in its quarterly cash dividend to $1.07 per share, an annualized amount of $4.28, reflecting a 3.14% dividend yield based on its current share price. This marks the fifth dividend hike in five years for the industrial REIT, demonstrating a commitment to shareholder wealth. The company’s strong operational performance, strategic property locations, and healthy balance sheet suggest the sustainability of this increased dividend.