Piedmont Office Realty Trust Declares Fourth Quarter Dividend
Piedmont Office Realty Trust (NYSE: PDM) announced a quarterly cash dividend of $0.21 per share, totaling $0.84 annually, for Q4 2022.
Sentiment and the balance of points
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Rhea-AI Summary
Piedmont Office Realty Trust (NYSE: PDM) announced a quarterly cash dividend of $0.21 per share, totaling $0.84 annually, for Q4 2022. This dividend will be paid on January 3, 2023, to stockholders recorded as of November 25, 2022. Piedmont operates a portfolio valued at approximately $5 billion, comprising 17 million square feet of Class A office properties, primarily in the Sunbelt region. The company is rated investment-grade by S&P and Moody’s and has been recognized as a 2022 ENERGY STAR Partner of the Year.
Positive
- Declared a quarterly cash dividend of $0.21 per share, totaling $0.84 annually.
- Investment-grade rating from S&P Global Ratings (BBB) and Moody's (Baa2).
- Recognition as 2022 ENERGY STAR Partner of the Year.
Negative
- None.
Details
News Market Reaction – PDM
The recorded move for PDM in the trading session of this news was +0.76%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Atlanta, Oct. 25, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) (“Piedmont”), a real estate investment trust (REIT), announced today that its board of directors has declared a regular quarterly cash dividend of
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
Forward-Looking Statements
Certain statements in this press release, including statements regarding future business operations, may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. Our actual results may differ materially from projections. For a discussion of some of the risks and uncertainties that could cause actual results to differ materially from those presented in our forward-looking statements, see Piedmont Office Realty Trust’s filings with the Securities and Exchange Commission, including the most recent annual report on Form 10-K. We caution readers not to place undue reliance on these forward-looking statements, which are based on current expectations and speak as of the date of such statements. We make no representations or warranties (express or implied) about the accuracy of, nor do we intend to publicly update or revise any such forward-looking statements contained herein, whether as a result of new information, future events, or otherwise.
Shareholder Services/Transfer Agent Services Contact:
Computershare, Inc.
866-354-3485
investor.services@piedmontreit.com
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