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

Prologis, Inc. (NYSE:PLD) declared a quarterly dividend on Thursday, February 12th. Investors of record on Tuesday, March 17th will be paid a dividend of 1.07 per share by the real estate investment trust on Tuesday, March 31st. This represents a c) dividend on an annualized basis 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 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 dividend payout ratio of 124.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Trading Down 2.4%

Shares of PLD opened at $136.46 on Friday. The business’s 50-day moving average price is $130.25 and its 200 day moving average price is $121.60. 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 stock has a market capitalization of $126.76 billion, a P/E ratio of 38.44, a P/E/G ratio of 3.46 and a beta of 1.42. Prologis has a 1-year low of $85.35 and a 1-year high of $141.95.

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

Prologis Company Profile

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.