Prologis increases quarterly dividend 10% to $3.84 per share

Prologis approved a plan to raise the company’s annualized dividend by 10% to $3.84 per share of common stock. The board declared a regular cash dividend for the quarter ending March 31, 2024, on the following securities: a dividend of 96c per share of the company’s common stock, payable on March 29 to common stockholders of record at the close of business on March 18; and a dividend of $1.0675 per share of the company’s 8.54% Series Q Cumulative Redeemable Preferred Stock, payable on April 1 to Series Q stockholders of record at the close of business on March 18.