Prologis As of October 10, 2023 ticker dps (an.) 2024 hike 2023 hike 2022 hike
PLD $3.48 10.1% 25.4% 8.6%
Business yield Hike yrs 5 yr CAGR freq. paid since
Logistics Facilities REIT 3.2% 10 12.6% Quarter 1997

Prologis Inc. (PLD) will raise its quarterly dividend by 10.4 percent to $0.53 per share in the first quarter of 2019. This marks the 6th consecutive year of dividend increases by the REIT.

The next dividend will be payable on March 29, 2019, to common stockholders of record at the close of business on March 15, 2019. A new annual rate of $2.12 per share yields 3.0% at the current stock price.

Prologis, Inc. is a logistics real estate investment trust (REIT). The company is the owner, manager and developer of logistics and distribution facilities in markets across the Americas, Asia and Europe. Prologis leases modern logistics facilities to a diverse base of customers principally across two major categories: business-to-business and retail/online fulfillment. The company's biggest customers include Amazon, DHL, Geodis, XPOLogistics, Home Depot, FedEx, Kühne+Nagel, DSV, UPS and BMW. Prologis became a public company in 1997 and has paid a dividend to shareholders every year since.