SmarterDividends
PLD

Prologis, Inc.

PLD

Real Estate · REIT - Industrial · Stock · quarterly payer

$125.75

Overvalued · -38% Add to Portfolio

Forward Yield

3.40%

Annual Dividend

$4.28

Payout Ratio

92%

5-Yr Growth

11.7%

Ex-Date

Sep 16, 2026

Frequency

Quarterly

Key facts about PLD's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 19, 2026, Prologis, Inc. (PLD) has a forward dividend yield of 3.40%, based on an annual dividend of $4.28 per share and a share price of $125.75.
  • As of Oct 19, 2026, PLD's dividend safety grade from SmarterDividends is B (78 out of 100), which rates the dividend as safe.
  • By SmarterDividends' count, Prologis, Inc. (PLD) has raised its dividend for 12 consecutive years as of Oct 19, 2026.
  • PLD last cut its regular dividend in 2009.
  • PLD's most recent ex-dividend date was Sep 16, 2026, for a dividend of $1.07 per share.
  • As of Oct 19, 2026, PLD pays out 92% of its trailing 12-month earnings as dividends (its payout ratio).
  • PLD's dividend has grown at an average rate of 11.7% a year over the past five years.
  • As of Oct 19, 2026, PLD's 3.40% yield is 22% above its five-year average yield of 2.80%.
  • As of Oct 19, 2026, SmarterDividends' blended fair-value estimate for PLD is $77.96 per share, 38% below the $125.75 share price, so PLD screens as overvalued.
  • Prologis, Inc. (PLD) pays its dividend quarterly, 4 times a year.
  • Prologis, Inc. (PLD) has raised its regular dividend 25 times and cut it 1 time across the 115 payments on record since 1997. Its most recent change was a 5.9% increase to $1.07 per share, going ex-dividend on Mar 17, 2026. The last cut went ex-dividend on Apr 2, 2009.
Cite this page

SmarterDividends, "PLD Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 19, 2026, https://smarterdividends.com/stocks/PLD

Summary

As of Oct 19, 2026, Prologis, Inc. (PLD) yields 3.40% ($4.28 a year per share), has a dividend safety grade of B (78/100) and has 12 consecutive years of dividend increases on record.

Is PLD a good dividend stock?

Yes

Prologis, Inc. (PLD) pays a quarterly dividend yielding 3.40% ($4.28/yr), with 12 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • 12 consecutive years of dividend growth
  • Strong 11.7% 5-yr dividend growth

Risks

  • Cut its dividend in 2009
  • Elevated payout ratio (92%)
  • Share price is down over the past 5 years

Key Data

Dividend Yield
3.40%
Payout Ratio
92%
Annual Dividend
$4.28
5-Yr Avg Growth
11.7%
Ex-Dividend Date
Sep 16, 2026
Years of Growth
12
Frequency
quarterly
Beta
1.32
Market Cap
$122.2B
P/E Ratio
27.7
5-Yr Total Return
-17%
52-Week Range
$121.40 – $153.35
Dividend Safety
B · 78/100
Ever Cut?
Yes (2009)

PLD dividend raises and cuts

Prologis, Inc. (PLD) has raised its regular dividend 25 times and cut it 1 time across the 115 payments on record since 1997. Its most recent change was a 5.9% increase to $1.07 per share, going ex-dividend on Mar 17, 2026. The last cut went ex-dividend on Apr 2, 2009.

Ex-dateChangeOld → newMove
Mar 17, 2026Raise$1.01 → $1.07+5.9%
Mar 18, 2025Raise$0.960 → $1.01+5.2%
Mar 15, 2024Raise$0.870 → $0.960+10.3%
Mar 16, 2023Raise$0.790 → $0.870+10.1%
Mar 17, 2022Raise$0.630 → $0.790+25.4%
Mar 18, 2021Raise$0.580 → $0.630+8.6%
Mar 13, 2020Raise$0.530 → $0.580+9.4%
Mar 14, 2019Raise$0.480 → $0.530+10.4%
Mar 14, 2018Raise$0.440 → $0.480+9.1%
Mar 13, 2017Raise$0.420 → $0.440+4.8%
Mar 16, 2016Raise$0.400 → $0.420+5.0%
Sep 16, 2015Raise$0.360 → $0.400+11.1%
Show all 26 changes since 1998
Ex-dateChangeOld → newMove
Mar 16, 2015Raise$0.330 → $0.360+9.1%
Mar 10, 2014Raise$0.280 → $0.330+17.9%
Apr 2, 2009Cut$0.520 → $0.280−46.2%
Apr 2, 2008Raise$0.500 → $0.520+4.0%
Apr 3, 2007Raise$0.460 → $0.500+8.7%
Apr 4, 2006Raise$0.440 → $0.460+4.5%
Apr 1, 2005Raise$0.425 → $0.440+3.5%
Apr 1, 2004Raise$0.415 → $0.425+2.4%
Apr 2, 2003Raise$0.410 → $0.415+1.2%
Apr 2, 2002Raise$0.395 → $0.410+3.8%
Apr 2, 2001Raise$0.370 → $0.395+6.8%
Apr 3, 2000Raise$0.350 → $0.370+5.7%
Mar 29, 1999Raise$0.342 → $0.350+2.3%
Mar 16, 1998Raise$0.134 → $0.342+155.2%
Every PLD payment →Download every raise and cut (CSV)
PLD ex-dividend date & scheduleNext ex-date Sep 16, 2026 · full ex-dividend historyView →PLD dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is PLD a good dividend stock?

Yes. Prologis, Inc. (PLD) pays a quarterly dividend yielding 3.40% ($4.28/yr), with 12 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is PLD undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, PLD's fair value is about $77.96 versus a $125.75 share price — so it looks overvalued (-38% vs. fair value).

Is PLD's dividend safe?

PLD has a dividend-safety grade of B (78/100), based on its payout coverage, free-cash-flow, 12-year growth streak, a dividend cut in 2009, debt and yield-versus-history.

What is PLD's fair value?

Our blended fair-value estimate for PLD is about $77.96 per share, about 38% below the current $125.75 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is PLD a buy, hold, or sell?

We don't issue formal ratings, but on the data PLD screens as "yes" and overvalued. Prologis, Inc. (PLD) pays a quarterly dividend yielding 3.40% ($4.28/yr), with 12 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will PLD cut its dividend?

PLD earns a dividend-safety grade of B (78/100), and has cut its dividend before (last in 2009). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does PLD pay a dividend?

Yes. Prologis, Inc. pays a quarterly dividend of about $4.28 per share annually, a forward yield of roughly 3.40%.

What is PLD's dividend yield?

As of Oct 19, 2026, PLD's forward dividend yield is 3.40%, based on a $4.28 annual dividend and a $125.75 share price.

What is PLD's dividend per share?

As of Oct 19, 2026, PLD pays $4.28 per share per year, distributed on a quarterly basis.

What is PLD's dividend payout ratio?

As of Oct 19, 2026, PLD's payout ratio is 92% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has PLD grown its dividend?

As of Oct 19, 2026, PLD has increased its dividend for 12 consecutive years.

When is the next PLD ex-dividend date?

As of Oct 19, 2026, PLD's next ex-dividend date hasn't been announced. The most recent was Sep 16, 2026, for $1.07 per share.

Income Calculator

At $4.28 / yr per share

Per payment (quarterly)$107.00
Annual$428.00
Monthly avg$35.67

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