Plymouth Industrial REIT Declares Second Quarter 2021 Preferred Stock Dividend

Rhea-AI Summary

Plymouth Industrial REIT (NYSE: PLYM) has declared a regular quarterly cash dividend of $0.46875 per share for its 7.50% Series A Cumulative Redeemable Preferred Stock (PLYM-PrA). This amounts to an annualized dividend of $1.875 per share. The dividend is scheduled for payment on June 30, 2021, to stockholders of record as of June 15, 2021. This announcement reflects the company's commitment to providing shareholder returns through consistent dividends.

Positive

• Quarterly cash dividend of $0.46875 per share enhances shareholder income.
• Annualized dividend of $1.875 per share demonstrates company confidence.

Negative

• None.

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 second quarter of 2021. The dividend is payable on June 30, 2021, to stockholders of record on June 15, 2021.

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/20210601005134/en/

FAQ

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

The declared dividend amount is $0.46875 per share.

When will the dividend for PLYM be paid?

The dividend will be paid on June 30, 2021.

What is the record date for receiving the dividend from Plymouth Industrial REIT?

The record date for the dividend is June 15, 2021.

How much is the annualized dividend for PLYM?

The annualized dividend for PLYM is $1.875 per share.