The revised dividend, which totals 40 cents on an annualized basis, pushes the company's annual yield to approximately 4.67%. This figure marks a significant climb from the 2.33% yield previously associated with the stock's $8.57 closing price. The company confirmed that the increased distribution is scheduled for payment on August 13 to shareholders of record as of July 20.
In section Market Quotes
Industrial Logistics Properties Trust Doubles Quarterly Payout
Industrial Logistics Properties Trust has moved to double its quarterly distribution, lifting the payout to 10 cents per share from the previous 5 cents. This decision by the Newton, Massachusetts-based real estate investment trust signals a sharp adjustment in shareholder returns following Wednesday's market close.
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