Plymouth Industrial REIT Announces Q3 Dividend in 2024

Plymouth Industrial REIT Declares Third Quarter Dividend

Plymouth Industrial REIT, Inc. (NYSE: PLYM) has made a significant announcement regarding its quarterly cash dividends. The company's board of directors has officially declared a dividend of $0.24 per share of common stock for the third quarter of 2024. This news reflects Plymouth's ongoing commitment to returning value to its shareholders.

Details of the Dividend Announcement

The declared dividend represents an annualized rate of $0.96 per common share, which continues to showcase the company's robust financial health and strategic planning. The dividend is slated to be paid on October 31, 2024, to stockholders who are on record as of September 30, 2024. This structured timing allows investors to better manage their portfolios and expectations.

Understanding Plymouth Industrial REIT

Plymouth Industrial REIT, Inc. is not just a typical real estate investment company. It operates as a full-service, vertically integrated entity focused on the acquisition, ownership, and management of single and multi-tenant industrial properties. The organization prides itself on creating spaces that are not only functional but also safe and flexible to meet the needs of various tenants.

Mission and Vision

The mission of Plymouth Industrial REIT is to provide tenants with cost-effective spaces that deliver functional, flexible, and safe environments. By focusing on these key areas, Plymouth aims to build strong partnerships with its tenants, ensuring a mutually beneficial relationship that promotes growth and sustainability.

Company Outlook and Future Plans

Plymouth has consistently demonstrated its ability to adapt and thrive within the changing landscape of industrial real estate. The company has invested strategically in properties that not only meet current market demands but also anticipate future trends. This proactive approach is vital as the need for industrial space continues to escalate, driven by e-commerce growth and supply chain logistics.

Engagement with Investors

With a focus on transparency and communication, Plymouth Industrial REIT engages regularly with its investors. This not only builds trust but also ensures that stakeholders are informed about the company’s performance and strategic direction. Investors appreciate the clarity in dividend announcements and the stability of returns, bolstering confidence in the company's management.

Getting in Touch with Plymouth Industrial REIT

For those interested in learning more about Plymouth Industrial REIT or its recent dividend announcement, the company welcomes inquiries from current and prospective investors. You can reach out to Tripp Sullivan at SCR Partners via email at IR@plymouthreit.com for further information or clarification regarding investments and company performance.

Frequently Asked Questions

What is the significance of Plymouth Industrial REIT's dividend announcement?

The dividend announcement indicates the company's financial health and commitment to returning value to shareholders, demonstrating confidence in its ongoing operations.

When is the dividend payment scheduled?

The dividend is scheduled for payment on October 31, 2024, to shareholders recorded as of September 30, 2024.

What is the annualized rate of the declared dividend?

The declared dividend equates to an annualized rate of $0.96 per common share.

How does Plymouth Industrial REIT support its tenants?

Plymouth focuses on providing functional, flexible, and safe spaces that meet the needs of its tenants, ensuring long-term successful partnerships.

Who can I contact for more information about Plymouth Industrial REIT?

For inquiries, you can contact Tripp Sullivan at SCR Partners via email at IR@plymouthreit.com.

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