PIEDMONT OFFICE REALTY TRUST DECLARES FIRST QUARTER DIVIDEND

Rhea-AI Summary

Piedmont Office Realty Trust (NYSE: PDM) announced a quarterly cash dividend of $0.21 per share for Q1 2023, totaling $0.84 annually. This payment will be made on March 17, 2023 to shareholders recorded by February 24, 2023. The company, with a $5 billion portfolio of approximately 17 million square feet primarily in key U.S. Sunbelt markets, is rated investment-grade by S&P and Moody's. Piedmont is also recognized as a 2022 ENERGY STAR Partner of the Year.

Positive

• Declared a quarterly dividend of $0.21 per share, indicating consistent shareholder returns.
• Investment-grade ratings (BBB from S&P, Baa2 from Moody's) affirm financial stability.
• Diverse portfolio worth $5 billion across 17 million square feet enhances market position.

Negative

• None.

Atlanta, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) (“Piedmont”), a real estate investment trust (REIT), announced today that its board of directors has declared a regular quarterly cash dividend of $0.21 per share, or $0.84 per share on an annualized basis, for the first quarter of 2023. The dividend will be paid on March 17, 2023 to stockholders of record as of the close of business on February 24, 2023.

 

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 major U.S. Sunbelt markets. Its 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 2022 ENERGY STAR Partner of the Year. For more information, see www.piedmontreit.com.

 

Forward-Looking Statements

Certain statements in this press release, including statements regarding future business operations, may constitute 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. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. Our actual results may differ materially from projections. For a discussion of some of the risks and uncertainties that could cause actual results to differ materially from those presented in our forward-looking statements, see Piedmont Office Realty Trust’s filings with the Securities and Exchange Commission, including the most recent annual report on Form 10-K. We caution readers not to place undue reliance on these forward-looking statements, which are based on current expectations and speak as of the date of such statements. We make no representations or warranties (express or implied) about the accuracy of, nor do we intend to publicly update or revise any such forward-looking statements contained herein, whether as a result of new information, future events, or otherwise.

Shareholder Services/Transfer Agent Services Contact:

Computershare, Inc.

866-354-3485

investor.services@piedmontreit.com

 

FAQ

What is the dividend amount announced by Piedmont Office Realty Trust?

The announced dividend amount is $0.21 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on March 17, 2023.

What is the record date for the dividend payment?

The record date for the dividend payment is February 24, 2023.

How often does Piedmont Office Realty Trust pay dividends?

Piedmont Office Realty Trust pays dividends quarterly.

What is the annualized dividend for Piedmont Office Realty Trust?

The annualized dividend for 2023 is $0.84 per share.