Piedmont Office Realty Trust Announces Tax Treatment of 2023 Dividends
Piedmont Office Realty Trust (NYSE: PDM) has announced the tax treatment of its 2023 common stock dividends. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Piedmont dividends. The record date, paid date, dividend per share, ordinary dividends, capital gains, unrecaptured Section 1250 qualified dividend, and Section 199A dividend rate for each dividend payment in 2023 are provided. All of the $0.125 per share distribution paid on January 2, 2024, will be taxable to stockholders in 2024.
01/16/2024 - 04:15 PM
Atlanta, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) (“Piedmont”), a real estate investment trust (REIT), announced today the tax treatment of its 2023 common stock dividends as described below. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Piedmont dividends.
Record Date Paid Date Dividend per Share Ordinary Dividends Capital Gains Unrecaptured Section 1250 Qualified Dividend Section 199A Dividend Rate Nov 25, 2022 Jan 3, 2023 $ 0.21 $ 0.132772 $ 0.004377 $ 0.004377 - $ 0.132772 Feb 24, 2023 Mar 17, 2023 $ 0.21 $ 0. 132772 $ 0.004377 $ 0.004377 - $ 0. 132772 May 26, 2023 Jun 16, 2023 $ 0.21 $ 0. 132772 $ 0.004377 $ 0.004377 - $ 0. 132772 Aug 25, 2023 Sep 15, 2023 $ 0.125 $ 0. 079030 $ 0.002606 $ 0.002606 - $ 0. 079030 Nov 24, 2023 Jan 2, 2024 $ 0.125* N/A N/A N/A N/A N/A
* All of the $0.12 5 per share distribution paid on January 2, 2024 will be taxable to stockholders in 2024.
About Piedmont Office Realty Trust
Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in the Sunbelt. Its approximately $5 billion portfolio is currently comprised of approximately 17 million square feet. The Company is a fully-integrated, self-managed real estate investment trust (REIT) with local management offices in each of its markets and is investment-grade rated by S&P Global Ratings (BBB-) and Moody’s (Baa3). Piedmont is a 2023 ENERGY STAR Partner of the Year. For more information, see www.piedmontreit.com.
Shareholder Services/Transfer Agent Services Contact: investor.services@piedmontreit.com
What is the ticker symbol for Piedmont Office Realty Trust?
The ticker symbol for Piedmont Office Realty Trust is PDM.
What is the tax treatment of Piedmont's 2023 common stock dividends?
Piedmont has announced the tax treatment of its 2023 common stock dividends, including the record date, paid date, dividend per share, ordinary dividends, capital gains, unrecaptured Section 1250 qualified dividend, and Section 199A dividend rate for each dividend payment in 2023.
How much was the distribution per share on January 2, 2024?
The distribution per share on January 2, 2024, was $0.125, and it will be taxable to stockholders in 2024.
What should stockholders do regarding the tax treatment of Piedmont dividends?
Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Piedmont dividends.
Piedmont Office Realty Trust Inc
PDM Rankings
#4701 Ranked by Stock Gains
PDM Stock Data
Industry
Lessors of Nonresidential Buildings (except Miniwarehouses)
Sector
Real Estate and Rental and Leasing
Tags
Finance, Real Estate Investment Trusts, Real Estate and Rental and Leasing, Lessors of Nonresidential Buildings (except Miniwarehouses)
About PDM
piedmont office realty trust, inc. (nyse: pdm) is a fully integrated and self-managed real estate investment trust (reit) specializing in the ownership and management of high-quality class a office buildings located primarily in the ten largest u.s. office markets, including chicago, washington, d. c., new york, dallas, los angeles, and boston. piedmont's wholly-owned office buildings comprise approximately 21 million rentable square feet. the company is headquartered in atlanta, ga, with local management offices in each of its major markets. investment-grade rated by standard & poor's (bbb) and moody's (baa2), piedmont has maintained a low-leverage strategy while transacting almost $6 billion and approximately $1.5 billion in property acquisitions and dispositions, respectively, during its fifteen year operating history.
