
Prologis is a real estate investment trust (REIT) that focuses on logistics and distribution facilities. It's a leader in the industry with a strong track record of growth.
Prologis has a market capitalization of over $100 billion, making it one of the largest REITs in the world. This size and scale give it a competitive advantage in the market.
Prologis has consistently paid dividends to its shareholders since 1994, with a dividend yield of around 2.5% at the time of writing. This is a relatively stable and attractive income stream for investors.
Prologis has a strong financial position, with a debt-to-equity ratio of around 0.6 and a cash flow margin of around 70%. This suggests that the company has a solid financial foundation and can continue to pay dividends in the future.
History and Growth
The history of Prologis' dividend is a story of steady growth and consistency. Since 2015, the company has been paying a quarterly dividend, with the first payment being $0.360 per share on June 9, 2015.
Over the years, the dividend has increased at a steady rate, with the cash amount per share rising from $0.360 in 2015 to $0.960 in 2024. This represents a growth rate of over 166% in just nine years.
The frequency of the dividend payments has also remained consistent, with payments made on a quarterly basis. The record date for dividend payments is usually on the 16th of March, June, September, and December.
Here's a breakdown of the dividend payments made by Prologis from 2015 to 2024:
The consistency of Prologis' dividend payments is a testament to the company's commitment to returning value to its shareholders.
Prologis Declares Quarterly
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets.
The company declares a regular cash dividend for the quarter ending December 31, 2024, and the quarter ending September 30, 2023.
A dividend of $0.96 per share of the company's common stock is payable on December 31, 2024, to common stockholders of record at the close of business on December 16, 2024.
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A dividend of $1.0675 per share of the company's 8.54% Series Q Cumulative Redeemable Preferred Stock is payable on December 31, 2024, to Series Q stockholders of record at the close of business on December 16, 2024.
Prologis leases modern logistics facilities to a diverse base of approximately 6,700 customers principally across two major categories: business-to-business and retail/online fulfillment.
The company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet in 19 countries as of June 30, 2023, and 20 countries as of September 30, 2024.
Frequently Asked Questions
How often does Prologis pay dividends?
Prologis pays dividends four times a year. Dividends are distributed quarterly to its shareholders.
Is Prologis a good reit?
Yes, Prologis is considered a high-quality REIT with undervalued stock and high dividend yield, making it a promising investment option for 2023. Learn more about its potential and how it fits into a dividend portfolio.
Is Prologis a good stock to buy?
Prologis has a Moderate Buy analyst rating consensus, indicating a neutral view from Wall Street analysts. However, this rating may not be a definitive indicator of the stock's potential, and further research is recommended to make an informed investment decision.
Sources
- https://stockanalysis.com/stocks/pld/dividend/
- https://www.centralcharts.com/en/4776-prologis/news/4389289-prologis-declares-quarterly-dividend
- https://www.finansavisen.no/borsmeldinger/2024/12/05/691aa497-e3bf-4640-ac32-7f0aa3cdf506/prologis-declares-quarterly-dividend
- https://www.prologis.com/about/news-press-releases/prologis-declares-quarterly-dividend-6
- https://www.koyfin.com/company/pld/dividends/
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