Prologis Raises Quarterly Dividend to 96c
Provided by
Dow Jones
By Sabela Ojea
Prologis is increasing its quarterly dividend by about 10%, to 96 cents a share.
The real-estate investment trust company on Thursday said its board of directors approved raising its quarterly payout to shareholders to 96 cents a share from 87 cents.
The new payout, equal to $3.84 annually, represents a yield of 2.9%, based on the company's latest closing price of $133.44.
The dividend will be paid on March 29.
Write to Sabela Ojea at sabela.ojea@wsj.com
Corrections & Amplifications
This item was corrected at 6:02 p.m. ET to show that Prologis raised its quarterly dividend to 96 cents, not $3.84.
(END) Dow Jones Newswires
February 22, 2024 18:02 ET (23:02 GMT)
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