LXP Industrial Trust Declares Regular Dividend for Investors
LXP Industrial Trust Declares Dividend for Shareholders
LXP Industrial Trust (NYSE: LXP) has made an exciting announcement for its shareholders. This real estate investment trust (REIT), which specializes in Class A warehouse and distribution properties, declared a quarterly common share dividend of $0.13. This dividend is set to be payable around mid-October to those investors on record, highlighting LXP's commitment to providing returns to its shareholders.
Details of the Dividend Announcement
The dividend of $0.13 per common share applies to the quarter ending September 30. Shareholders who are on record as of that date will receive their payout shortly after. This consistent approach to dividends underlines LXP's strong financial health and its strategy to reward those who invest in the company.
Preferred Stock Dividends
In addition to the common share dividend, LXP also announced a dividend for shareholders of its Series C Cumulative Convertible Preferred Stock. This cash dividend is set at $0.8125 per share and is expected to be distributed around mid-November. Investors must be on record as of October 31 to qualify for this payment.
About LXP Industrial Trust
LXP Industrial Trust is recognized as a publicly traded REIT focusing on the acquisition and management of quality warehouse and distribution centers predominantly located in prime markets throughout the Sunbelt and Midwest regions. The company's ongoing efforts aim at expanding its footprint through a robust mix of acquisitions, development projects, and strategic leaseback agreements.
Growth Strategy
With a clear strategy for growth, LXP is dedicated to enhancing its portfolio. This involves targeting Class A warehouses that meet the increasing demand for logistics and distribution capabilities. The emphasis on prime locations ensures that LXP remains a competitive player in the real estate market.
Engaging with LXP
For those interested in learning more about LXP Industrial Trust, whether it be for investment opportunities or insights into their properties, the company maintains a strong online presence. Investors and interested parties are encouraged to visit their official website to stay updated on new developments and market strategies. Engaging with LXP on social media platforms is also an excellent way to receive real-time updates.
Contact Information
For any inquiries related to investor relations or media, Heather Gentry serves as the point of contact for LXP Industrial Trust. You can reach her at (212) 692-7200, or through email for any specific questions or further information regarding the company’s performance and future outlook.
Frequently Asked Questions
What is the declared dividend per common share for LXP?
The declared dividend is $0.13 per common share for the quarter ending September 30.
When will the dividend be paid out?
The dividend is expected to be paid on or about October 15 to shareholders on record as of September 30.
What is the dividend for Series C Cumulative Convertible Preferred Stock?
The cash dividend for Series C Preferred Stock is $0.8125 per share, payable around November 15 to shareholders on record as of October 31.
What markets does LXP Industrial Trust focus on?
LXP focuses on Class A warehouse and distribution investments primarily in the Sunbelt and Midwest regions.
How can I get in touch with LXP for investor inquiries?
Interested parties can reach Heather Gentry at (212) 692-7200 or via email for investor-related questions.
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