Plymouth Industrial REIT Declares Fourth Quarter 2020 Preferred Stock Dividend

Rhea-AI Summary

Plymouth Industrial REIT, Inc. (NYSE: PLYM) has declared a quarterly cash dividend of $0.46875 per share for its 7.50% Series A Cumulative Redeemable Preferred Stock (PLYM-PrA). The dividend, totaling an annualized amount of $1.875 per share, is set to be paid on December 31, 2020, to stockholders on record as of December 15, 2020.

The company is focused on acquiring and managing industrial properties to enhance shareholder value through strategic asset management and disciplined capital deployment.

Positive

• Declared a cash dividend of $0.46875 per share, amounting to an annualized $1.875 per share.
• Dividend payment scheduled for December 31, 2020, reflects company confidence in generating income for shareholders.

Negative

• None.

BOSTON--(BUSINESS WIRE)--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 fourth quarter of 2020. The dividend is payable on December 31, 2020, to stockholders of record on December 15, 2020.

About Plymouth

Plymouth Industrial REIT, Inc. is a vertically integrated and self-managed real estate investment trust focused on the acquisition and operation of single and multi-tenant industrial properties located in secondary and select primary markets across the United States. The Company seeks to acquire properties that provide income and growth that enable the Company to leverage its real estate operating expertise to enhance shareholder value through active asset management, prudent property re-positioning and disciplined capital deployment.