Plymouth Industrial Reit Inc Declares Quarterly Dividend of $0.38 (PLYM)
Plymouth Industrial Reit Inc (NASDAQ:PLYM) announced a quarterly dividend on Thursday, September 14th, Wall Street Journal reports. Shareholders of record on Saturday, September 30th will be given a dividend of 0.375 per share on Tuesday, October 31st. This represents a $1.50 annualized dividend and a yield of 8.13%. The ex-dividend date of this dividend is Thursday, September 28th.
Plymouth Industrial Reit (PLYM) traded up 1.37% during midday trading on Thursday, reaching $18.45. The company’s stock had a trading volume of 28,619 shares. The company’s market cap is $70.33 million. Plymouth Industrial Reit has a 12 month low of $16.50 and a 12 month high of $19.00. The stock has a 50-day moving average price of $17.81 and a 200 day moving average price of $17.93.
Separately, DA Davidson initiated coverage on shares of Plymouth Industrial Reit in a report on Tuesday, June 20th. They issued a “buy” rating and a $21.00 price target for the company.
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About Plymouth Industrial Reit
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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