Industrial Logistics Properties increases its quarterly dividend by 100% to $0.10 per share, yielding 4.35%.
Industrial Logistics Properties (ILPT) announced a quarterly dividend of $0.10 per share, a 100% increase from its prior payout of $0.05. The move reflects a significant boost in shareholder returns amid the company’s financial performance.
The previous dividend stood at $0.05 per share, with the new rate offering a forward yield of 4.35%. The dividend is payable on August 13 to shareholders of record as of July 20, with an ex-dividend date set for the same day.
The decision underscores ILPT’s confidence in its cash flow stability and commitment to returning value to investors.