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

Prologis, Inc. (NYSE:PLD) announced a quarterly dividend on Tuesday, April 28th. Investors of record on Tuesday, June 16th will be given a dividend of 1.07 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 16th.

Prologis has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 12 consecutive years. Prologis has a payout ratio of 132.1% 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 $6.63 per share next year, which means the company should continue to be able to cover its $4.28 annual dividend with an expected future payout ratio of 64.6%.

Prologis Stock Up 0.9%

PLD stock opened at $148.49 on Friday. Prologis has a twelve month low of $103.41 and a twelve month high of $149.70. The company has a market cap of $138.44 billion, a PE ratio of 37.40, a price-to-earnings-growth ratio of 3.27 and a beta of 1.32. The business’s 50-day simple moving average is $141.99 and its 200 day simple moving average is $135.51. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60.

Prologis (NYSE:PLD) last released its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period last year, the business earned $1.43 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, research analysts anticipate that Prologis will post 6.18 earnings per share for the current year.

About Prologis

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.