PIEDMONT OFFICE REALTY TRUST ANNOUNCES TAX TREATMENT OF 2021 DIVIDENDS

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Piedmont Office Realty Trust (NYSE: PDM) announced the tax treatment of its 2021 dividends. The company will distribute $0.21 per share on January 4, 2022. Most dividends are classified as ordinary dividends, with only minor amounts categorized as capital gains and qualified dividends. Stockholders are advised to consult tax advisors for specific tax implications. Piedmont, a real estate investment trust, maintains a diverse portfolio valued at approximately $5 billion, focusing on high-quality Class A office properties across major Eastern U.S. markets.

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• Declared $0.21 per share dividend, reinforcing shareholder income.
• Maintains a geographically-diversified portfolio valued at approximately $5 billion.

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• None.

Atlanta, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) (“Piedmont”), a real estate investment trust (REIT), announced today the tax treatment of its 2021 common stock dividends as described below. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Piedmont dividends.

 

Record Date	Paid Date	Dividend per Share		Ordinary Dividends		Capital Gains	Unrecaptured Section 1250	Qualified Dividend		Section 199A Dividend Rate
Nov 27, 2020	Jan 4, 2021	$	0.21	$	0.202320	-	-	$	0.000011	$	0.202309
Feb 26, 2021	Mar 19, 2021	$	0.21	$	0.202320	-	-	$	0.000011	$	0.202309
May 28, 2021	Jun 18, 2021	$	0.21	$	0.202320	-	-	$	0.000011	$	0.202309
Aug 27, 2021	Sep 17, 2021	$	0.21	$	0.202320	-	-	$	0.000011	$	0.202309
Nov 26, 2021	Jan 4, 2022	$0.21*		N/A		N/A	N/A	N/A		N/A

 

* All of the $0.21 per share distribution paid on January 4, 2022 will be taxable to stockholders in 2022.

 

About Piedmont Office Realty Trust

 

Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in select sub-markets within seven major Eastern U.S. office markets, with the majority of its revenue being generated from the Sunbelt. Its geographically-diversified, approximately $5 billion portfolio is currently comprised of approximately 17 million square feet. The Company is a fully-integrated, self-managed real estate investment trust (REIT) with local management offices in each of its markets and is investment-grade rated by S&P Global Ratings (BBB) and Moody’s (Baa2). Piedmont is a 2021 ENERGY STAR Partner of the Year. For more information, see www.piedmontreit.com.

 

Shareholder Services/Transfer Agent Services Contact:

Computershare, Inc.

866-354-3485

investor.services@piedmontreit.com

 

 

FAQ

What is the dividend amount for PDM in 2021?

Piedmont Office Realty Trust declared a dividend of $0.21 per share for 2021.

What is the payment date for the PDM dividend?

The payment date for the PDM dividend is January 4, 2022.

What is the tax treatment of PDM dividends?

Most PDM dividends are ordinary dividends, and shareholders should consult tax advisors for specific implications.

When was the record date for the PDM dividend?

The record date for the PDM dividend was November 27, 2020.