Plymouth Industrial REIT (PLYM) Dividends
Market Cap: $683.72M
Avg Volume: 372.49K
Industry: REIT - Industrial
Sector: Real Estate
Dividend Overview
Plymouth Industrial REIT (PLYM) pays a quarterly dividend to its shareholders. The current dividend yield is 5.89%, which means that for every $100 invested at the current price, investors would receive approximately $5.89 in dividends per year (this can change based on future dividend payments and price movements).
About PLYM's Dividend
Plymouth Industrial REIT pays a quarterly dividend of $0.24 per share, which totals $0.96 annually. This means that for each share you own, you'll receive $0.96 in dividends over the course of a year, distributed across four quarterly payments.
The most recent ex-dividend date was March 31, 2025. If you purchase the stock before its ex-dividend date, you'll be eligible for the upcoming dividend payment.
Plymouth Industrial REIT's payout ratio is 0.31% which means that 0.31% of the company's earnings are paid out as dividends. A low payout ratio indicates that the company has a strong financial position and can invest in growth opportunities, while maintaining room to increase dividends in the future.
Plymouth Industrial REIT's dividend has decreased by -0.04% over the past year. A decrease in dividends can occur for various reasons, including changes in financial situation or strategic priorities.
PLYM Dividend History
| Dividend | Yield | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.24 | 5.89% | March 31, 2025 | March 31, 2025 | April 30, 2025 | March 14, 2025 |
| $0.24 | 5.39% | December 31, 2024 | December 31, 2024 | January 31, 2025 | December 13, 2024 |
| $0.24 | 4.18% | September 30, 2024 | September 30, 2024 | October 31, 2024 | September 13, 2024 |
| $0.24 | 4.35% | June 28, 2024 | June 28, 2024 | July 31, 2024 | June 14, 2024 |
| $0.24 | 4.14% | March 27, 2024 | March 28, 2024 | April 30, 2024 | February 21, 2024 |
| $0.225 | 3.71% | December 28, 2023 | December 29, 2023 | January 31, 2024 | December 15, 2023 |
| $0.225 | 4.25% | September 28, 2023 | September 29, 2023 | October 31, 2023 | September 15, 2023 |
| $0.225 | 3.86% | June 29, 2023 | June 30, 2023 | July 31, 2023 | June 15, 2023 |
| $0.225 | 4.32% | March 30, 2023 | March 31, 2023 | April 28, 2023 | February 22, 2023 |
| $0.22 | 4.62% | December 29, 2022 | December 30, 2022 | January 31, 2023 | December 15, 2022 |
| $0.22 | 5.31% | September 29, 2022 | September 30, 2022 | October 31, 2022 | September 15, 2022 |
| $0.22 | 4.97% | June 29, 2022 | June 30, 2022 | July 29, 2022 | June 15, 2022 |
| $0.22 | 3.18% | March 30, 2022 | March 31, 2022 | April 29, 2022 | February 16, 2022 |
| $0.21 | 2.64% | December 30, 2021 | December 31, 2021 | January 31, 2022 | December 16, 2021 |
| $0.21 | 3.64% | September 29, 2021 | September 30, 2021 | October 29, 2021 | September 15, 2021 |
| $0.21 | 4.07% | June 29, 2021 | June 30, 2021 | July 30, 2021 | May 06, 2021 |
| $0.2 | 4.78% | March 30, 2021 | March 31, 2021 | April 30, 2021 | March 16, 2021 |
| $0.2 | 6.61% | December 30, 2020 | December 31, 2020 | January 29, 2021 | December 15, 2020 |
| $0.2 | 9.33% | September 29, 2020 | September 30, 2020 | October 30, 2020 | September 15, 2020 |
| $0.2 | 10.66% | June 29, 2020 | June 30, 2020 | July 31, 2020 | June 12, 2020 |
| $0.375 | 13.40% | March 30, 2020 | March 31, 2020 | April 30, 2020 | March 16, 2020 |
| $0.375 | 8.32% | December 30, 2019 | December 31, 2019 | January 31, 2020 | December 13, 2019 |
| $0.375 | 8.25% | September 27, 2019 | September 30, 2019 | October 31, 2019 | September 13, 2019 |
| $0.375 | 7.88% | June 27, 2019 | June 28, 2019 | July 31, 2019 | June 14, 2019 |
| $0.375 | 8.97% | March 28, 2019 | March 29, 2019 | April 30, 2019 | March 14, 2019 |
| $0.375 | 12.48% | December 27, 2018 | December 28, 2018 | January 31, 2019 | December 14, 2018 |
| $0.375 | 9.58% | September 27, 2018 | September 28, 2018 | October 31, 2018 | September 14, 2018 |
| $0.375 | 9.38% | June 28, 2018 | June 29, 2018 | July 31, 2018 | June 14, 2018 |
| $0.375 | 6.70% | March 28, 2018 | March 30, 2018 | April 30, 2018 | March 15, 2018 |
| $0.375 | 4.11% | December 28, 2017 | December 29, 2017 | January 31, 2018 | December 15, 2017 |
| $0.375 | 2.05% | September 28, 2017 | September 30, 2017 | October 31, 2017 | September 14, 2017 |
| $0.065 | 0.34% | July 05, 2017 | July 07, 2017 | July 31, 2017 | June 26, 2017 |
Dividend Growth
Plymouth Industrial REIT (PLYM) dividend payments have decreased -3.90% over the past year
Note: This growth rate represents the year-over-year growth in total dividends paid by the company, which may differ from the growth in dividends per share if the number of outstanding shares has changed.
Dividend Safety
Dividend safety refers to the ability of a company to continue paying its dividends to shareholders without interruption or reduction. A company with a high level of dividend safety is generally considered to have a strong financial position, with a consistent history of paying dividends and a low risk of default.
Key Safety Indicators for PLYM
- Dividend Payout Ratio: 0.31% Low risk
- Dividend & Capex Coverage Ratio: 2.20x Strong coverage
- Dividend Frequency: Quarterly
- Recent Dividend Growth: -0.04% Negative
What These Indicators Mean
A low payout ratio (typically less than 60%) indicates that a company has enough earnings to pay dividends and retain earnings to reinvest in the business. Plymouth Industrial REIT's payout ratio is 0.31% , which is very conservative and suggests strong dividend sustainability.
The Dividend & Capex Coverage Ratio of 2.20x indicates how well the company can cover both its dividend payments and capital expenditures from operating cash flows. This strong ratio above 1.5x indicates Plymouth Industrial REIT can comfortably cover its dividends and necessary investments from its operating cash flow.
Plymouth Industrial REIT's quarterly dividend structure is the most common among dividend-paying companies, providing a balance between regular income for investors and financial flexibility for the company.
Plymouth Industrial REIT's dividend growth rate of -0.04% is negative, which may signal financial challenges or a shift in capital allocation priorities.
It is worth noting that dividend safety can change over time based on a company's financial performance, industry conditions, and management decisions. Regular monitoring of these metrics is recommended for dividend-focused investors.