PIEDMONT OFFICE REALTY TRUST DECLARES THIRD QUARTER DIVIDEND
Rhea-AI Summary
Piedmont Office Realty Trust (NYSE: PDM), a real estate investment trust (REIT), has announced its third quarter dividend for 2024. The company's board of directors has declared a regular quarterly cash dividend of $0.125 per share, which equates to $0.50 per share on an annualized basis. This dividend will be paid on September 20, 2024 to stockholders of record as of the close of business on August 23, 2024. This announcement demonstrates Piedmont's commitment to providing regular returns to its shareholders and maintaining its REIT status.
Positive
- Consistent quarterly dividend payment of $0.125 per share
- Annualized dividend yield of $0.50 per share
- Maintaining REIT status through regular dividend distributions
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, PDM gained 4.42%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Atlanta, July 25, 2024 (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
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
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
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