Pacific Industrial & Logistics Reit PLC (PILR) to Issue Dividend Increase – GBX 3.20 Per Share

Pacific Industrial & Logistics Reit PLC (LON:PILR) declared a dividend on Friday, April 6th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 19th will be paid a dividend of GBX 3.20 ($0.04) per share on Friday, May 4th. This represents a dividend yield of 2.68%. The ex-dividend date of this dividend is Thursday, April 19th. This is an increase from Pacific Industrial & Logistics Reit’s previous dividend of $1.23. The official announcement can be viewed at this link.

Shares of LON PILR traded up GBX 118.30 ($1.66) during trading hours on Friday, reaching GBX 119.50 ($1.68). The stock had a trading volume of 13,800 shares, compared to its average volume of 14,820. Pacific Industrial & Logistics Reit has a 52-week low of GBX 113 ($1.59) and a 52-week high of GBX 126.50 ($1.78).

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Separately, Canaccord Genuity reiterated a “buy” rating and issued a GBX 135 ($1.90) price target on shares of Pacific Industrial & Logistics Reit in a report on Wednesday, January 3rd.

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Pacific Industrial & Logistics Reit Company Profile

Pacific Industrial & Logistics REIT plc is a United Kingdom-based property investment company. The Company is principally engaged in the business of property asset management across the United Kingdom. The Company invests in the United Kingdom based industrial and logistics properties with a view to delivering dividends and capital returns to its shareholders.

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