- Industrial Logistics Properties ( NASDAQ: ILPT ) declares $0.01/share quarterly dividend , -97% decrease from prior dividend of $0.33.
- Forward yield 0.29%
- Payable Aug. 18; for shareholders of record July 25; ex-div July 22.
- The management said: "ILPT is reducing its quarterly dividend to enhance its liquidity until it completes its long term financing plan for the Monmouth acquisition and/or its leverage profile otherwise improves. ILPT currently anticipates that its dividend will return to a rate at, or close to, its historical level sometime in 2023."
- Stock is down 12% in premarket , Thursday to trade at $12.41.
- See ILPT Dividend Scorecard, Yield Chart, & Dividend Growth.
For further details see:
Industrial Logistics Properties "reduces" dividend nearly 100% to $0.01