Prologis Plan To Raise Annualized Dividend By 10% To $3.84 Per Share
Portfolio Pulse from Benzinga Newsdesk
Prologis announced a 10% increase in its annualized dividend to $3.84 per share, with a quarterly dividend of $0.96 payable on March 29, 2024, to stockholders of record as of March 18, 2024.
February 22, 2024 | 10:43 pm
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Prologis raises its annualized dividend by 10% to $3.84 per share, with the next quarterly dividend set at $0.96, payable on March 29, 2024.
Increasing dividends is generally viewed positively by the market as it signals confidence in the company's financial health and future prospects. For Prologis, this increase in dividend could attract income-focused investors and potentially lead to a short-term uptick in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100