Understanding 2024 Dividend Tax Treatment by Terreno Realty

Terreno Realty Corporation's Dividend Announcement for 2024

Terreno Realty Corporation (NYSE: TRNO), renowned for its specialization in industrial real estate across several prominent coastal markets in the U.S., recently made significant announcements regarding the tax treatment of its dividend distributions for the year 2024. This insight is vital for shareholders who are keen on understanding the tax implications related to their dividend earnings.

Details of the Dividend Distribution

The corporation is set to distribute a total of $1.97 per share to its common stockholders. This figure comprises a variety of payments that include one quarterly distribution declared in a prior year, along with three distributions declared and paid throughout 2024 and a portion of a quarterly distribution that will be declared in 2024 and paid in early 2025. This multi-period payment structure showcases the company's commitment to consistently compensating its investors.

Breakdown of Distribution Characteristics

The distribution specifics are as follows:

• Common Stock
• Record Date: December 15, 2023
• Date Paid: January 5, 2024
• Dividend per Share: $0.324600
• 2024 Ordinary Taxable Dividend: $0.285216
• 2024 Total Capital Gain Dividend: $0.039384
• 2024 Return of Capital Dividend: -
• 2024 Unrecaptured Section 1250 Gain: $0.001370
• 2024 Section 199A Dividend: $0.285216

This system of payments not only highlights the company's performance but also ensures that shareholders are well-informed about how their investments will yield additional income.

Future Dividend Payments

Terreno Realty Corporation has also outlined how upcoming dividend payments will be structured for multiple record and payment dates in 2024. These include considerable payments planned for March, June, September, and December. Shareholders will benefit from a well-distributed payout across the year, allowing for better financial planning and investment strategy.

Understanding the Tax Implications

The income tax treatment of these dividends is crucial for shareholders. The IRS treats dividends differently, and understanding how these distributions are classified (ordinary dividends, capital gains, and return of capital) can significantly impact tax obligations. Investors may want to consult with tax professionals to navigate these regulations effectively.

The Importance of Transparency in Dividend Distributions

Transparency in how dividends are structured is essential for maintaining shareholder trust. Terreno Realty Corporation's clear communication regarding dividend distributions speaks volumes about its commitment to its investors. This dedication to providing detailed financial information allows shareholders to manage their portfolios more effectively.

About Terreno Realty Corporation

Terreno Realty Corporation is an established player in the industrial real estate space, possessing properties in key locations including New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C. The company’s strategic acquisitions and robust operating methods make it a significant entity within this market.

Frequently Asked Questions

What is the total dividend distribution planned for 2024?

The total dividend distribution for 2024 is $1.97 per share, which is allocated across various quarterly payments.

How can I interpret the tax treatment of my dividends?

The dividends can be classified as ordinary taxable dividends, total capital gains, and return of capital, each with different tax implications.

When will the dividends be paid?

Dividends will be paid on specific dates throughout 2024, including January, April, July, and October.

Where can I find more information about Terreno Realty Corporation?

Additional information can be accessed through the official Terreno Realty website.

How does this affect my investment strategy?

Understanding dividend distributions helps shareholders effectively plan their investment strategies and tax obligations.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

Contact Evelyn Baker privately here. Or send an email with ATTN: Evelyn Baker as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.