Plymouth Industrial REIT Declares First Quarter 2021 Preferred Stock Dividend

Rhea-AI Summary

Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced a quarterly cash dividend of $0.46875 per share, totaling an annualized dividend of $1.875 per share for its 7.50% Series A Cumulative Redeemable Preferred Stock (PLYM-PrA). This dividend is payable on March 31, 2021 to stockholders on record by March 15, 2021.

Plymouth focuses on acquiring, managing, and developing industrial properties across the United States, serving key logistics and distribution markets.

Positive

• Declared quarterly cash dividend of $0.46875 per share, indicating strong cash flow.
• Annualized dividend of $1.875 per share provides income to shareholders.

Negative

• None.

Plymouth Industrial REIT, Inc. (NYSE: PLYM) today announced that the Company’s board of directors declared a regular quarterly cash dividend of $0.46875 per share, or an annualized dividend of $1.875 per share, for the Company’s 7.50% Series A Cumulative Redeemable Preferred Stock (PLYM-PrA) for the first quarter of 2021. The dividend is payable on March 31, 2021, to stockholders of record on March 15, 2021.

About Plymouth

Plymouth Industrial REIT, Inc. (NYSE: PLYM) is a real estate investment trust focused on the acquisition, ownership, management, redevelopment and development of single and multi-tenant industrial properties, including distribution centers, warehouses, light industrial and small bay industrial properties, located in primary and secondary markets, as well as select sub-markets, with access to large pools of skilled labor in the main industrial, distribution and logistics corridors of the United States.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210301005605/en/

FAQ

What is the dividend amount for Plymouth Industrial REIT (PLYM) for Q1 2021?

The dividend amount is $0.46875 per share.

When is the dividend payable for Plymouth Industrial REIT (PLYM)?

The dividend is payable on March 31, 2021.

What is the record date for the Plymouth Industrial REIT (PLYM) dividend?

The record date is March 15, 2021.

What is the annualized dividend for Plymouth Industrial REIT (PLYM)?

The annualized dividend is $1.875 per share.

What type of properties does Plymouth Industrial REIT (PLYM) invest in?

Plymouth invests in single and multi-tenant industrial properties, including distribution centers and warehouses.