Plymouth Industrial REIT Declares First Quarter 2022 Preferred Stock Dividend

Rhea-AI Summary

Plymouth Industrial REIT (NYSE: PLYM) announced a quarterly cash dividend of $0.46875 per share, amounting to an annualized dividend of $1.875 per share, for its 7.50% Series A Cumulative Redeemable Preferred Stock (PLYM-PrA) for Q1 2022. The dividend is scheduled to be paid on March 31, 2022, to shareholders of record as of March 15, 2022. This declaration highlights the company’s commitment to returning value to shareholders.

Positive

• Declared quarterly cash dividend of $0.46875 per share.
• Annualized dividend of $1.875 per share indicates company confidence.

Negative

• None.

BOSTON--(BUSINESS WIRE)-- Plymouth Industrial REIT, Inc. (NYSE: PLYM) today announced that the Company’s board of directors has 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 2022. The dividend is payable on March 31, 2022, to stockholders of record on March 15, 2022.

About Plymouth

Plymouth Industrial REIT, Inc. (NYSE: PLYM) is a real estate investment trust focused on the acquisition, ownership and management of single and multi-tenant industrial properties, including distribution centers, warehouses, light industrial and small bay industrial properties, located in primary and secondary markets within the main industrial, distribution and logistics corridors of the United States.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220301005158/en/

Tripp Sullivan

SCR Partners

(615) 942-7077

TSullivan@scr-ir.com

Source: Plymouth Industrial REIT, Inc.

FAQ

What is the dividend amount declared by Plymouth Industrial REIT for March 2022?

Plymouth Industrial REIT declared a dividend of $0.46875 per share for March 2022.

When will the dividend be paid to shareholders?

The dividend will be paid on March 31, 2022.

What is the record date for Plymouth Industrial REIT's dividend?

The record date for the dividend is March 15, 2022.

What is the annualized dividend for Plymouth Industrial REIT?

The annualized dividend for Plymouth Industrial REIT is $1.875 per share.