Prologis to Pay Regular and Preferred Dividend

Industrial real estate developer Prologis  (NYSE: PLD  )  has declared regular and preferred dividends for the second quarter of 2013. The company plans to distribute $0.28 per share of its common stock on June 28 to shareholders of record as of June 11. For its 8.54% Series Q cumulative redeemable preferred stock, Prologis will distribute $1.0675 per share, which will be paid on July 1 to shareholders of record at the close of business on June 18.

The dividend payment on the common stock has consistently been at $0.28 every quarter since 2009. It annualizes to $1.12 per share and yields 2.7% at the closing price of Prologis' stock price on May 2.


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