Prologis's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Prologis (NYSE:PLD) has announced a quarterly dividend of 87 cents per share, with the ex-dividend date set for Friday. Shareholders owning PLD as of the end of Thursday's session will be eligible for the dividend, which will be paid out on September 29, 2023.
September 12, 2023 | 2:46 pm
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Prologis's announcement of a quarterly dividend of 87 cents per share may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not indicative of the company's performance.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which is why a short-term decrease in Prologis's stock price can be expected. However, this is a standard part of the dividend process and does not reflect negatively on the company's overall performance.
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