Plymouth REIT Increases Quarterly Common Stock Dividend by 4.8% and Declares Dividend for the First Quarter of 2022
Plymouth Industrial REIT (NYSE: PLYM) has announced a 4.8% increase in its quarterly cash dividend to $0.22 per share, reflecting strong growth in its portfolio. This adjustment translates to an annualized rate of $0.88 per share. The dividend will be payable on April 29, 2022, to stockholders of record as of March 31, 2022. Jeff Witherell, CEO, noted this increase marks the second consecutive year of dividend growth, driven by robust leasing and acquisition activity.
- Quarterly cash dividend increased by 4.8% to $0.22 per share.
- Annualized dividend rate now $0.88 per share.
- Dividend increase reflects strong portfolio growth and leasing activity.
- None.
About Plymouth
Forward-Looking Statements
This press release includes “forward-looking statements” that are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Investors are cautioned that statements in this press release, which are not strictly historical statements, including, without limitation, statements regarding management's plans, objectives and strategies, constitute forward-looking statements. Such forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual results to differ materially from those anticipated by the forward-looking statement, many of which may be beyond our control. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “plan,” “seek,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe” or “continue” or the negative thereof or variations thereon or similar terminology. Any forward-looking information presented herein is made only as of the date of this press release, and we do not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.
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