Prologis, Inc. (PLD) To Go Ex-Dividend on December 16th

Prologis, Inc. (NYSE:PLD) announced a quarterly dividend on Wednesday, December 3rd. Investors of record on Tuesday, December 16th will be given a dividend of 1.01 per share by the real estate investment trust on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, December 16th.

Prologis has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 12 years. Prologis has a payout ratio of 124.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Prologis to earn $6.20 per share next year, which means the company should continue to be able to cover its $4.04 annual dividend with an expected future payout ratio of 65.2%.

Prologis Stock Performance

NYSE PLD opened at $128.10 on Friday. The business has a 50 day moving average price of $122.76 and a 200 day moving average price of $113.69. The company has a market capitalization of $118.99 billion, a P/E ratio of 37.35, a PEG ratio of 3.97 and a beta of 1.40. Prologis has a 1-year low of $85.35 and a 1-year high of $130.45. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.64 and a quick ratio of 0.64.

Prologis (NYSE:PLD) last posted its earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.05. Prologis had a return on equity of 5.55% and a net margin of 36.71%.The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the business earned $1.43 earnings per share. Prologis’s quarterly revenue was up 8.6% compared to the same quarter last year. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. Sell-side analysts expect that Prologis will post 5.73 EPS for the current fiscal year.

About Prologis

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (115 million square meters) in 19 countries.