Prologis, Inc. (NYSE:PLD) Increases Dividend to $1.07 Per Share

Prologis, Inc. (NYSE:PLD) declared a quarterly dividend on Thursday, February 12th. Stockholders of record on Tuesday, March 17th will be given a dividend of 1.07 per share by the real estate investment trust on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, March 17th. This is a 5.9% increase from Prologis’s previous quarterly dividend of $1.01.

Prologis has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 12 years. Prologis has a payout ratio of 124.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Prologis to earn $6.20 per share next year, which means the company should continue to be able to cover its $4.04 annual dividend with an expected future payout ratio of 65.2%.

Prologis Stock Down 2.4%

PLD stock opened at $136.46 on Friday. The company has a current ratio of 0.19, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61. The firm has a 50 day simple moving average of $130.25 and a 200-day simple moving average of $121.60. The company has a market capitalization of $126.76 billion, a P/E ratio of 38.44, a PEG ratio of 3.46 and a beta of 1.42. Prologis has a twelve month low of $85.35 and a twelve month high of $141.95.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting the consensus estimate of $1.44. Prologis had a net margin of 37.86% and a return on equity of 5.78%. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the business earned $1.42 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities research analysts predict that Prologis will post 5.73 earnings per share for the current fiscal year.

About Prologis

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.