LXP Industrial Trust Declares Dividend for Shareholders
LXP Industrial Trust (NYSE: LXP) has shared exciting news with its shareholders. This real estate investment trust (REIT), specializing in Class A warehouse and distribution properties, has announced a quarterly common share dividend of $0.13. This dividend is scheduled to be paid around the middle of October to investors on record, showcasing LXP's dedication to returning value to its shareholders.
Details of the Dividend Announcement
The dividend of $0.13 per common share pertains to the quarter ending September 30. Shareholders who are on the record as of that date can expect to receive their payment shortly thereafter. This consistent dividend approach reflects LXP's strong financial position and its intention to reward those who support the company through their investments.
Preferred Stock Dividends
Alongside the common share dividend, LXP also revealed a dividend for holders of its Series C Cumulative Convertible Preferred Stock. This cash dividend is set at $0.8125 per share, with distribution anticipated around mid-November. Investors will need to be on record by October 31 to be eligible for this payment.
About LXP Industrial Trust
LXP Industrial Trust is known as a publicly traded REIT that focuses on acquiring and managing quality warehouse and distribution centers primarily located in key markets throughout the Sunbelt and Midwest regions. The company's ongoing initiatives are directed toward expanding its presence through a balanced approach that includes acquisitions, development projects, and strategic leaseback agreements.
Growth Strategy
LXP is clearly focused on growth and enhancing its portfolio. This involves targeting Class A warehouses that align with the growing demand for logistics and distribution services. By emphasizing prime locations, LXP aims to maintain its competitive edge in the real estate market.
Engaging with LXP
If you're interested in learning more about LXP Industrial Trust, whether for investment opportunities or insight into their properties, the company has a strong online presence. Investors and those curious about their operations are encouraged to visit their official website for the latest updates on developments and market strategies. Following LXP on social media is also a great way to receive real-time updates.
Contact Information
For questions regarding investor relations or media inquiries, Heather Gentry is the contact person for LXP Industrial Trust. She can be reached at (212) 692-7200, or you can email her for specific questions or more information about the company's performance and future plans.
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 around 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.
