Plymouth Industrial REIT Declares First Quarter 2023 Preferred Stock Dividend

Rhea-AI Summary

Plymouth Industrial REIT, Inc. (NYSE: PLYM) has announced a quarterly cash dividend of $0.46875 per share, equating to an annualized amount of $1.875 per share for its 7.50% Series A Cumulative Redeemable Preferred Stock (PLYM-PrA). This dividend is scheduled for payment on March 31, 2023, to stockholders recorded by March 15, 2023. As a vertically integrated real estate investment company, Plymouth focuses on acquiring and managing single and multi-tenant industrial properties, delivering functional and safe spaces for tenants.

Positive

• Quarterly cash dividend of $0.46875 per share reinforces shareholder income.
• Annualized dividend amount of $1.875 per share reflects 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 2023. The dividend is payable on March 31, 2023, to stockholders of record on March 15, 2023.

About Plymouth

Plymouth Industrial REIT, Inc. (NYSE: PLYM) is a full service, vertically integrated real estate investment company focused on the acquisition, ownership and management of single and multi-tenant industrial properties. Our mission is to provide tenants with cost effective space that is functional, flexible and safe.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230301005378/en/

Tripp Sullivan

SCR Partners

(615) 942-7077

TSullivan@scr-ir.com

Source: Plymouth Industrial REIT, Inc.

FAQ

When is the dividend payment date for PLYM?

The dividend payment date for PLYM is March 31, 2023.

What is the amount of the quarterly dividend declared by PLYM?

Plymouth Industrial REIT declared a quarterly dividend of $0.46875 per share.

Who are the stockholders of record for PLYM's dividend?

Stockholders of record for PLYM's dividend must be recorded by March 15, 2023.

What is the annualized dividend for PLYM's preferred stock?

The annualized dividend for PLYM's 7.50% Series A Cumulative Redeemable Preferred Stock is $1.875 per share.