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 hikes dividend by 25.4%

On February 24, 2022, Prologis Inc. (PLD) announced a 25.4% dividend hike to $0.79 quarterly per share. The next dividend will be paid on March 31, 2022 to shareholders of record on March 18, 2022. This marks the 9th consecutive year of dividend increases by the logistics REIT. A new annual dividend rate of $3.16 per share yields 2.5% at a stock price of $124 for Prologis.

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.