Plymouth Industrial REIT Announces Tax Treatment of 2024 Dividends
Rhea-AI Summary
Plymouth Industrial REIT (NYSE: PLYM) has disclosed the tax treatment of its 2024 dividends for common stockholders. The company distributed quarterly dividends of $0.24 per share throughout 2024, with payment dates in April, July, October 2024, and January 2025. The total distribution for 2024 amounted to $0.967658 per share. The entire distribution was classified as capital gain, with $0.466565 being unrecaptured Section 1250 gain. Notably, there was no ordinary dividend component or return of capital in the 2024 distributions.
Positive
- Consistent quarterly dividend payments of $0.24 per share throughout 2024
- Total annual distribution of $0.967658 per share
- No return of capital component, indicating quality of earnings
Negative
- None.
News Market Reaction – PLYM
On the day this news was published, PLYM declined 2.67%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
BOSTON, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced the tax treatment of its 2024 dividends to common stockholders. The following table summarizes Plymouth Industrial REIT’s dividends to stockholders of Common Stock CUSIP #729640102 traded on the NYSE under ticker symbol “PLYM” for the tax year ended December 31, 2024:
| Record Date | Payment Date | Total Cash Distribution Per Share | Total Distribution Allocable to 2024 | Ordinary Dividend Per Share | Capital Gain Distribution Per Share | Unrecaptured Sec. 1250 Gain | Return of Capital Per Share |
| 3/28/2024 | 4/30/2024 | ||||||
| 6/28/2024 | 7/31/2024 | ||||||
| 9/30/2024 | 10/31/2024 | ||||||
| 12/31/2024 | 1/31/2025 | ||||||
About Plymouth
Plymouth Industrial REIT, Inc. (NYSE: PLYM) is a full service, vertically integrated real estate investment company focused on the acquisition, ownership and management of single and multi-tenant industrial properties. Our mission is to provide tenants with cost effective space that is functional, flexible and safe.
Contact:
John Wilfong
SCR Partners
IR@plymouthreit.com
FAQ
What is the quarterly dividend amount for Plymouth Industrial REIT (PLYM) in 2024?
How much of PLYM's 2024 dividend distribution was classified as capital gains?
What is the unrecaptured Section 1250 gain portion of PLYM's 2024 dividends?
When are PLYM's dividend payment dates for 2024?
Did Plymouth Industrial REIT (PLYM) distribute any return of capital in 2024?
