Prologis, Inc. Declares Quarterly Dividend for Investors
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Prologis, Inc. Announces Quarterly Dividend
The Board of Directors of Prologis, Inc. (NYSE: PLD) has declared a regular cash dividend for the upcoming quarter, reinforcing its commitment to providing value to its shareholders. This dividend applies to the company's common stock and is set for the quarter concluding soon.
Details of the Dividend
Shareholders can expect a dividend payout of $0.96 per share of common stock, which is scheduled to be payable shortly. Additionally, holders of the 8.54% Series Q Cumulative Redeemable Preferred Stock will receive a dividend of $1.0675 per share, reflecting Prologis's robust support for its various stockholders.
About Prologis
Prologis, Inc. stands as the global leader in logistics real estate, specifically focusing on markets characterized by high barriers to entry and substantial growth potential. The company's portfolio boasts properties and development projects anticipated to total around 1.2 billion square feet (approximately 115 million square meters) across multiple countries. Prologis caters to a diverse clientele, leasing modern logistics facilities to around 6,700 customers from sectors spanning business-to-business to vital online retail fulfillment.
Financial Perks and Market Position
This announcement demonstrates Prologis's strong financial position, reflecting its operational effectiveness and market strategy. The dividends signify an ongoing commitment to returning capital to its shareholders, further solidifying its reputation within the real estate investment trust (REIT) sphere. The company continues to explore innovative avenues for expansion, ensuring its sustained leadership in logistics real estate.
Frequently Asked Questions
What is the amount of the declared dividend?
The declared dividend is $0.96 per share for common stock and $1.0675 for Series Q Preferred Stock.
When will these dividends be payable?
The dividends will be payable at the end of the quarter closing soon with specific record dates for shareholders.
What does Prologis focus on?
Prologis focuses on high-barrier, high-growth markets in the logistics real estate sector.
How many customers does Prologis serve?
Prologis serves approximately 6,700 customers in various sectors, including business-to-business and retail.
Is Prologis a leader in its industry?
Yes, Prologis is recognized as the global leader in logistics real estate.
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