Prologis Board of Directors Approves 6 Percent Increase in Quarterly Common Stock Dividend
Rhea-AI Summary
Prologis (NYSE: PLD) announced a 6% increase in its annualized common stock dividend to $4.28 per share. The board declared a quarterly cash dividend of $1.07 per common share payable on March 31, 2026 to holders of record on March 17, 2026.
The board also declared a dividend of $1.0675 per share on its 8.54% Series Q cumulative redeemable preferred stock, payable on the same dates.
Positive
- Annual dividend increased by 6% to $4.28
- Quarterly common dividend set at $1.07 payable March 31, 2026
- Record date clarified as March 17, 2026
Negative
- Higher cash payout raises near-term cash obligations for the company
- Dividend increase may limit free cash available for other capital needs
Key Figures
Market Reality Check
Peers on Argus
Among key REIT peers, moves were mixed: PSA was down 4.3% and appeared in momentum scanners, while EXR was up 1.0% and others like REXR, LINE, and FR were down. With PLD down 0.43% pre-news and only one peer in momentum, trading looked more stock-specific than sector-driven.
Previous Management,dividends Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 20 | Dividend increase | Positive | +0.1% | Board approved 5% annualized dividend increase and set quarterly payout levels. |
| Feb 22 | Dividend increase | Positive | -0.2% | Board approved 10% increase in quarterly common stock dividend. |
Dividend-related board actions have historically produced very small next-day moves, with a mix of alignment and divergence versus the positive tone.
Over the past year, Prologis has repeatedly highlighted dividend growth and capital return. Prior board actions in February 2024 and February 2025 approved 10% and 5% increases in the annualized common dividend, respectively, alongside steady preferred payouts. Same-day price reactions to those announcements were modest, between about flat and a slight decline. Today’s 6% annualized dividend increase and new quarterly rate continues this pattern of incremental dividend growth following solid earnings and liquidity updates.
Historical Comparison
In the past two years, PLD’s board approved dividend increases tagged as management/dividends, with an average next-day move of -0.06%. The new 6% boost extends this pattern of modest price reactions to dividend hikes.
Board-approved dividend growth has progressed from a 10% increase in 2024 to 5% in 2025 and now a further 6% annualized increase for 2026, alongside steady preferred stock distributions.
Market Pulse Summary
This announcement highlights the Board’s decision to raise the annualized common dividend by 6% to $4.28 per share and declare a quarterly common dividend of $1.07, alongside a $1.0675 Series Q preferred payment, both payable on March 31, 2026. It continues a multi-year pattern of dividend growth following solid operating results. Investors may watch future earnings, cash flow coverage of dividends, and any further board actions on capital returns for additional context.
Key Terms
cumulative redeemable preferred stock financial
AI-generated analysis. Not financial advice.
The board declared a regular cash dividend for the quarter ending March 31, 2026, on the following securities:
- A dividend of
$1.07 - A dividend of
$1.06 758.54% Series Q Cumulative Redeemable Preferred Stock, payable on March 31, 2026, to Series Q stockholders of record at the close of business on March 17, 2026.
About Prologis
The world runs on logistics. At Prologis, we don't just lead the industry, we define it. We create the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, our ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one–not just shaping the future of logistics but building what comes next. Learn more at Prologis.com.
FORWARD-LOOKING STATEMENTS
The statements in this document that are not historical facts are 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 current expectations, estimates and projections about the industry and markets in which we operate as well as management's beliefs and assumptions. Such statements involve uncertainties that could significantly impact our financial results. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," and "estimates" including variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future—including statements relating to rent and occupancy growth, acquisition and development activity, including data center developments and power procurement related thereto, contribution and disposition activity, general conditions in the geographic areas where we operate, expectations regarding new lines of business, our debt, capital structure and financial position, our ability to earn revenues from co-investment ventures, form new co-investment ventures and the availability of capital in existing or new co-investment ventures—are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and, therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) international, national, regional and local economic and political climates and conditions; (ii) changes in global financial markets, interest rates and foreign currency exchange rates; (iii) increased or unanticipated competition for our properties; (iv) risks associated with acquisitions, dispositions and development of properties, including the integration of the operations of significant real estate portfolios; (v) maintenance of Real Estate Investment Trust status, tax structuring and changes in income tax laws and rates; (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings; (vii) risks related to our investments in our co-investment ventures, including our ability to establish new co-investment ventures; (viii) risks of doing business internationally, including currency risks; (ix) environmental uncertainties, including risks of natural disasters; and (x) those additional factors discussed in reports filed with the Securities and Exchange Commission by us under the heading "Risk Factors." We undertake no duty to update any forward-looking statements appearing in this document except as may be required by law.
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SOURCE Prologis, Inc.
FAQ
What dividend did Prologis (PLD) declare for the quarter ending March 31, 2026?
How much did Prologis raise its annualized dividend for 2026 (PLD)?
When is the Prologis (PLD) dividend record date and payment date for the March 2026 quarter?
What dividend was declared on Prologis 8.54% Series Q preferred stock for March 2026?
What does the 6% dividend increase mean for PLD shareholders' income?
