Plymouth Industrial Reit Inc (NYSEAMERICAN:PLYM) announced a quarterly dividend on Monday, December 18th, Wall Street Journal reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.375 per share on Wednesday, January 31st. This represents a $1.50 dividend on an annualized basis and a yield of 8.15%. The ex-dividend date of this dividend is Thursday, December 28th.
Plymouth Industrial Reit (NYSEAMERICAN:PLYM) traded down $0.08 during trading hours on Wednesday, reaching $18.41. 9,700 shares of the company’s stock were exchanged, compared to its average volume of 22,393. The firm has a market capitalization of $70.42 and a PE ratio of 0.57. Plymouth Industrial Reit has a 1-year low of $16.50 and a 1-year high of $19.00.
Separately, Zacks Investment Research cut shares of Plymouth Industrial Reit from a “buy” rating to a “sell” rating in a report on Friday, November 17th.
Plymouth Industrial REIT, Inc, formerly Plymouth Opportunity REIT, Inc, is a self-administered and self-managed real estate investment trust. The Company primarily focused on single-tenant industrial properties and multi-tenant industrial properties. The Company also focused on the acquisition, ownership and management of single-and multi-tenant class B industrial properties, including distribution centers, warehouses and light industrial properties, primarily located in secondary and select primary markets across the Eastern half of the United States and Texas.
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