Plymouth Industrial REIT Declares Dividend for the Third Quarter of 2024

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Plymouth Industrial REIT (NYSE: PLYM) has declared a regular quarterly cash dividend of $0.24 per share of common stock for the third quarter of 2024. This dividend translates to an annualized rate of $0.96 per common share. The payment is scheduled for October 31, 2024, and will be distributed to stockholders of record as of the close of business on September 30, 2024. This announcement demonstrates Plymouth Industrial REIT's commitment to providing consistent returns to its shareholders, maintaining its dividend policy in the industrial real estate sector.

Positive

Consistent quarterly dividend of $0.24 per share maintained
Annualized dividend rate of $0.96 per share
Demonstrates company's ability to generate steady cash flow

Negative

None.

09/13/2024 - 07:00 AM

BOSTON, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company”) today announced that its board of directors has declared a regular quarterly cash dividend of $0.24 per share of common stock for the third quarter of 2024. The dividend, which equates to an annualized rate of $0.96 per common share, is payable on October 31, 2024, to stockholders of record as of the close of business on September 30, 2024.

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:
Tripp Sullivan
SCR Partners
IR@plymouthreit.com