Prologis, Inc. (NYSE:PLD) Plans Quarterly Dividend of $1.07

Prologis, Inc. (NYSE:PLD) announced a quarterly dividend on Wednesday, September 2nd. Shareholders of record on Wednesday, September 16th will be paid a dividend of 1.07 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date is Wednesday, September 16th.

Prologis has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 12 consecutive years. Prologis has a payout ratio of 132.1% 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 $6.65 per share next year, which means the company should continue to be able to cover its $4.28 annual dividend with an expected future payout ratio of 64.4%.

Prologis Stock Down 2.2%

Shares of NYSE:PLD opened at $136.60 on Thursday. The company has a market capitalization of $127.46 billion, a price-to-earnings ratio of 30.42 and a beta of 1.30. The company has a 50 day moving average of $142.16 and a two-hundred day moving average of $140.61. Prologis has a 52-week low of $110.51 and a 52-week high of $153.35. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63.

Prologis (NYSE:PLD) last released its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.38. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the firm posted $1.46 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, analysts forecast that Prologis will post 6.27 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.