Prologis Declares Dividends for Current Quarter

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Prologis has elected to keep its common stock dividend steady. The company declared a quarterly distribution of $0.28 per share on that class of security. This will be dispensed on September 30 to shareholders of record as of September 16. That amount matches all of the firm's previous distributions stretching back to April 2009. Prior to that, Prologis paid nearly double that rate, at $0.52 per share.

The company also declared a disbursement of $1.0675 per share of its series Q preferred stock. This will be handed out on September 30 to holders of record as of September 18.

The just-declared common stock dividend annualizes to $1.12 per share, yielding 3.1%, at Prologis' most recent closing stock price of $35.68.

The article Prologis Declares Dividends for Current Quarter originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Prologis. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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