PROLOGIS (PLD) DIvidends Date & History

Key Takeaways

• Prologis offers a current dividend yield of approximately 3.05%, providing reliable income for investors.
• Quarterly dividend of $1.07 per share, with the next ex-dividend date on June 16, 2026, and payment on June 30, 2026.
• 12-year streak of consecutive dividend increases, with 5-year growth rate of 11.59%.
• Payout ratio based on earnings around 104%, but core FFO payout ratio near 70%, supporting sustainability for a REIT.
• Strong balance sheet with debt-to-equity ratio of 0.60 and investment-grade credit ratings enhances dividend stability.
• Focus on industrial logistics positions it well for e-commerce-driven demand.

Dividend Overview

Prologis (PLD), the world's largest industrial real estate investment trust (REIT), maintains a consistent quarterly dividend policy. The current annualized dividend stands at $4.28 per share, delivering a yield of about 3.05% based on recent stock prices around $140. Payments occur every three months, with the most recent declaration of $1.07 per share on April 28, 2026. This reflects a modest increase from prior quarters, underscoring Prologis's commitment to shareholder returns.

As a dividend growth stock, Prologis balances income with reinvestment in its vast portfolio of logistics facilities. Its yield sits comfortably above the S&P 500 average but below some higher-risk REITs, appealing to investors seeking reliable payouts backed by operational strength rather than ultra-high yields.

Dividend History and Growth

Prologis has a robust history of dividend growth, achieving 12 consecutive years of increases as of 2026. The annualized dividend has risen from $4.04 in 2025 to $4.28, marking a 5.9% hike. Over the past five years, the compound annual growth rate (CAGR) stands at 11.59%, with three-year growth at 8.16% and one-year at 5.40%.

This consistency stems from strategic acquisitions, development, and high occupancy rates in its logistics properties. No cuts have occurred in decades, reflecting a long-term strategy prioritizing shareholder value amid e-commerce expansion. Recent payments include $1.07 on March 31, 2026 (ex-date March 17), following $1.01 in late 2025.

Dividend Sustainability and Payout Ratio

Prologis's dividend sustainability is bolstered by REIT-specific metrics. The payout ratio on net earnings is approximately 104%, elevated due to depreciation not reflecting cash generation. However, on core funds from operations (FFO)—a key REIT measure—it ranges from 67-73%, leaving ample room for growth.

AFFO (adjusted FFO) payout is around 70-90%. Free cash flow coverage varies with development spending but supports distributions historically. Debt levels are manageable at a 0.60 debt-to-equity ratio, with strong interest coverage of 4.64x. Investment-grade ratings and $7.6 billion in liquidity further affirm the dividend's security amid market cycles.

Dividend Compared to Industry Peers

Prologis's 3.05% yield is competitive among industrial REIT peers. Rexford Industrial (REXR) offers higher at ~4.8-4.9%, reflecting its SoCal focus but smaller scale. First Industrial (FR) yields around 2.8-3%, similar to Prologis. EastGroup (EGP) is near 2.3%, while larger diversified REITs like American Tower (AMT) yield ~3-4%.

Prologis stands out with superior growth (11%+ CAGR) and global diversification, trading at a premium valuation justified by market leadership and lower volatility versus regional peers.

AI Screener

Tickeron’s AI Screener is an AI-powered stock and ETF discovery tool that helps traders and investors filter the market based on technical patterns, fundamentals, trends, volatility, and AI-driven signals. Users can scan thousands of stocks and ETFs using customizable filters such as industry, market capitalization, technical indicators, price patterns, and performance metrics. It excels at identifying dividend stocks, income-focused investments, trending stocks, breakout candidates, and market opportunities more efficiently than manual screening. Explore the AI Screener today to streamline your research.

Is This Stock Attractive for Dividend Investors?

Prologis appeals to dividend growth investors valuing consistent raises over a decade amid resilient logistics demand. Its 3% yield, backed by high occupancy (95%+) and e-commerce tailwinds, suits long-term holders seeking compounding income. Conservative investors appreciate the balance sheet strength—low leverage, ample liquidity—and FFO coverage ensuring payouts through cycles.

Income-focused portfolios benefit from quarterly payments and moderate yield above broad market averages. However, REIT sensitivity to interest rates introduces volatility; rising yields could pressure shares, though Prologis's scale mitigates risks better than smaller peers. Growth-oriented dividend seekers may favor it over high-yield alternatives with weaker fundamentals. Overall, it fits balanced portfolios prioritizing sustainability and moderate appreciation potential from development pipelines, including data centers.

Disclaimer

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.

Disclaimers and Limitations