Lineage, Inc. Declares Dividend for Fourth Quarter 2024

Rhea-AI Summary

Lineage, Inc. (NASDAQ: LINE), the world’s largest global temperature-controlled warehouse REIT, announced that its Board of Directors has declared a cash dividend of $0.5275 per share for the fourth quarter of 2024. The dividend will be paid on January 21, 2025, to shareholders of record as of the close of business on December 31, 2024.

Positive

• Declared cash dividend of $0.5275 per share for Q4 2024.

Negative

• None.

Insights

Financial Analyst

This quarterly dividend announcement signals strong financial health and commitment to shareholder returns. At $0.5275 per share, the dividend represents a significant cash distribution to investors. For a REIT like Lineage, maintaining consistent dividend payments is important as they are required to distribute at least 90% of their taxable income to shareholders. The stable dividend payout reflects the company's robust cash flow generation from its temperature-controlled warehouse operations, which typically provide steady rental income streams. The timing of the announcement, well in advance of the payment date, allows investors to make informed portfolio decisions and demonstrates proper corporate governance practices.

NOVI, Mich.--(BUSINESS WIRE)-- Lineage, Inc. (NASDAQ: LINE) (the “Company”), the world’s largest global temperature-controlled warehouse REIT, today announced that its Board of Directors has declared a cash dividend of $0.5275 per share for the fourth quarter of 2024. The dividend will be paid on January 21, 2025, to shareholders of record of the Company’s common stock as of the close of business on December 31, 2024.

About Lineage

Lineage, Inc. (NASDAQ: LINE) is the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84 million square feet and approximately 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world. Learn more at onelineage.com and join us on LinkedIn, Facebook, Instagram, and X.

Forward-Looking Statements

Certain statements contained in this press release may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Lineage intends for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those acts. Such forward-looking statements can generally be identified by Lineage’s use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” “seek,” “objective,” “goal,” “strategy,” “plan,” “focus,” “priority,” “should,” “could,” “potential,” “possible,” “look forward,” “optimistic,” or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Such statements are subject to certain risks and uncertainties, including known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Therefore, such statements are not intended to be a guarantee of Lineage’s performance in future periods. Except as required by law, Lineage does not undertake any obligation to update or revise any forward-looking statements contained in this release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241211636413/en/

Investor Relations Contact

Evan Barbosa

VP, Investor Relations

ir@onelineage.com

Media Contact

Megan Hendricksen

VP, Global Marketing & Communications

pr@onelineage.com

Source: Lineage, Inc.

FAQ

What is the dividend amount declared by Lineage for Q4 2024?

Lineage declared a cash dividend of $0.5275 per share for the fourth quarter of 2024.

When will the Q4 2024 dividend from Lineage be paid?

The dividend will be paid on January 21, 2025.

What is the record date for Lineage's Q4 2024 dividend?

The record date for the Q4 2024 dividend is December 31, 2024.

Which company declared a dividend for Q4 2024?

Lineage, Inc. declared a dividend for the fourth quarter of 2024.