Americold Realty Trust Declares First Quarter 2021 Dividend

Rhea-AI Summary

Americold Realty Trust (NYSE: COLD) has declared a $0.22 per share dividend for Q1 2021, marking a 4.8% increase from the previous $0.21 per share. The annualized rate is $0.88, with payment scheduled for April 15, 2021 to shareholders of record by March 31, 2021. CEO Fred Boehler expressed satisfaction with the company's ongoing organic and external growth, even amid challenges posed by the COVID-19 pandemic. Americold is the largest publicly traded REIT specializing in temperature-controlled warehouses, highlighting its foundational role in the food supply chain.

Positive

• Dividend increased to $0.22 per share, reflecting confidence in financial performance.
• Annualized dividend rate now at $0.88, providing income for shareholders.
• Third consecutive annual dividend increase demonstrates company stability.

Negative

• None.

Americold Realty Trust (NYSE: COLD) (the “Company” or “Americold”), the world’s largest publicly traded REIT focused on the ownership, operation, acquisition, and development of temperature-controlled warehouses, today announced that its Board of Trustees has declared a dividend of $0.22 per share for the first quarter of 2021, payable to holders of the Company’s common shares. This represents an annualized dividend rate of $0.88 and a 4.8% increase over the prior dividend of $0.21 per share. The dividend will be payable in cash on April 15, 2021 to shareholders of record at the close of business on March 31, 2021.

“We are very pleased to announce our third consecutive annual dividend increase. Our core business remains steady and consistent, and we are very proud of our ability to continue to drive strong organic growth as well as outsized external growth, even amid the challenging backdrop of the COVID-19 pandemic,” stated Fred Boehler, President and Chief Executive Officer of Americold Realty Trust.

About Americold Realty Trust

Americold is the world’s largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 238 temperature-controlled warehouses, with over 1.4 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America. Americold’s facilities are an integral component of the supply chain connecting food producers, processors, distributors and retailers to consumers.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210311005874/en/

FAQ

What is the dividend amount for Americold Realty Trust (COLD) for Q1 2021?

The dividend amount is $0.22 per share for Q1 2021.

When will the dividend be paid for Americold Realty Trust (COLD)?

The dividend will be payable on April 15, 2021.

When is the record date for Americold's dividend payment?

The record date for the dividend payment is March 31, 2021.

What is the annualized dividend rate for Americold Realty Trust (COLD)?

The annualized dividend rate is $0.88.

How does the current dividend compare to the previous one for COLD?

The current dividend of $0.22 per share is a 4.8% increase from the previous $0.21 per share.