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Lineage, Inc. Declares Initial Dividend

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Lineage (NASDAQ: LINE), the world's largest global temperature-controlled warehouse REIT, has announced its first dividend since going public. The company's Board of Directors has declared a prorated quarterly cash dividend of $0.38 per share for Q3 2024. This dividend is calculated for the period from July 26, 2024 (the IPO date) to September 30, 2024, representing an annualized dividend rate of $2.11 per share. Shareholders of record as of September 30, 2024, will receive the payment on October 21, 2024. This move signals Lineage's commitment to providing returns to its investors following its recent initial public offering.

Lineage (NASDAQ: LINE), il più grande REIT mondiale di magazzini a temperatura controllata, ha annunciato il suo primo dividendo da quando è diventato pubblico. Il Consiglio di Amministrazione dell'azienda ha dichiarato un dividendo in contante trimestrale proporzionato di $0.38 per azione per il terzo trimestre del 2024. Questo dividendo è calcolato per il periodo dal 26 luglio 2024 (data dell'IPO) al 30 settembre 2024, rappresentando un tasso di dividendo annualizzato di $2.11 per azione. Gli azionisti registrati al 30 settembre 2024 riceveranno il pagamento il 21 ottobre 2024. Questa mossa segnala l'impegno di Lineage a fornire ritorni ai suoi investitori in seguito alla sua recente offerta pubblica iniziale.

Lineage (NASDAQ: LINE), el mayor REIT mundial de almacenes controlados por temperatura, ha anunciado su primer dividendo desde que se hizo público. La Junta Directiva de la compañía ha declarado un dividendo en efectivo trimestral prorrateado de $0.38 por acción para el tercer trimestre de 2024. Este dividendo se calcula para el período del 26 de julio de 2024 (fecha de la OPI) al 30 de septiembre de 2024, representando un tasa de dividendo anualizada de $2.11 por acción. Los accionistas registrados al 30 de septiembre de 2024 recibirán el pago el 21 de octubre de 2024. Este movimiento señala el compromiso de Lineage para proporcionar rendimientos a sus inversores tras su reciente oferta pública inicial.

라인이지(Lineage)(NASDAQ: LINE), 세계 최대의 온도 조절 창고 REIT, 상장 이후 첫 배당금을 발표했습니다. 회사 이사회는 2024년 3분기 동안 주당 $0.38의 비례 배당금을 선언했습니다. 이 배당금은 2024년 7월 26일(IPO 날짜)부터 2024년 9월 30일까지의 기간에 대한 것으로, 연간 배당률은 주당 $2.11입니다. 2024년 9월 30일 기준 주주들은 2024년 10월 21일에 배당금을 받게 됩니다. 이번 발표는 최근 공모를 마친 후 투자자에게 수익을 제공하겠다는 라인이지의 의지를 나타냅니다.

Lineage (NASDAQ: LINE), le plus grand REIT mondial de dépôts contrôlés en température, a annoncé son premier dividende depuis son introduction en bourse. Le Conseil d'Administration de la société a déclaré un dividende en espèces trimestriel prorata de 0,38 $ par action pour le troisième trimestre 2024. Ce dividende est calculé pour la période allant du 26 juillet 2024 (date de l'IPO) au 30 septembre 2024, représentant un taux de dividende annualisé de 2,11 $ par action. Les actionnaires enregistrés au 30 septembre 2024 recevront le paiement le 21 octobre 2024. Cette décision souligne l'engagement de Lineage à offrir des rendements à ses investisseurs après son offre publique initiale récente.

Lineage (NASDAQ: LINE), der weltweit größte REIT für temperaturkontrollierte Lagerhäuser, hat seine erste Dividende seit dem Börsengang angekündigt. Der Vorstand des Unternehmens hat eine proratisierte vierteljährliche Bar-Dividende von 0,38 $ pro Aktie für das 3. Quartal 2024 beschlossen. Diese Dividende wird für den Zeitraum vom 26. Juli 2024 (Börsengang-Datum) bis zum 30. September 2024 berechnet und entspricht einer annualisierten Dividendenrate von 2,11 $ pro Aktie. Aktionäre, die am 30. September 2024 eingetragen sind, erhalten die Zahlung am 21. Oktober 2024. Dieser Schritt signalisiert das Engagement von Lineage, seinen Investoren nach dem jüngsten Börsengang Renditen zu bieten.

Positive
  • Declaration of initial dividend following IPO
  • Annualized dividend rate of $2.11 per share
  • Immediate implementation of shareholder returns
Negative
  • None.

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 prorated quarterly cash dividend of $0.38 per share for the third quarter of 2024. The dividend is prorated for the period commencing on July 26, 2024, the date the Company’s initial public offering was consummated, and ending on September 30, 2024, representing an annualized dividend rate of $2.11 per share.

The dividend will be paid on October 21, 2024, to shareholders of record of the Company's common stock as of the close of business on September 30, 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.

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 for Lineage (LINE) for Q3 2024?

Lineage (LINE) has declared a prorated quarterly cash dividend of $0.38 per share for Q3 2024.

When will Lineage (LINE) pay its first dividend?

Lineage (LINE) will pay its first dividend on October 21, 2024, to shareholders of record as of September 30, 2024.

What is the annualized dividend rate for Lineage (LINE)?

The annualized dividend rate for Lineage (LINE) is $2.11 per share, based on the prorated quarterly dividend.

When did Lineage (LINE) complete its initial public offering?

Lineage (LINE) completed its initial public offering on July 26, 2024.

Lineage, Inc.

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