Current Yield
3.04%
TTM Dividend/Share
$4.16
Payment Frequency
Quarterly
Payout Ratio
105.1%
Consecutive Growth Years
13 (Dividend Contender)
Key takeaways
- Dividend Contender — Prologis (PLD) has raised its dividend for 13 consecutive years.
- Prologis (PLD) currently yields 3.04%, paying $4.16 per share over the trailing twelve months, distributed quarterly.
- Payout ratio is 105.1% — the share of earnings distributed as dividends.
- 5 of 8 dividend safety checks passed.
- 5-year dividend CAGR of 11.73%.
Dividend yield valuation for Prologis (PLD)
Current dividend yield vs its own 1Y / 3Y / 5Y historical averages — a rough valuation signal.
Valuation zone | Near average — fair value |
Current yield (now) | 3.04% |
1-year average yield | 3.14%now 0.10 pp below |
3-year average yield | 3.12%now 0.08 pp below |
5-year average yield | 2.71%now 0.33 pp above |
PLD: a yield above its history can signal value (or risk); below can signal a rich price. One valuation signal among many — review fundamentals before investing.
Dividend health for Prologis (PLD)
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | 14.8% |
FCF payout ratio | 21.2% |
Net debt / EBITDA | 4.4x |
Interest coverage | 3.40x |
ROIC (TTM) | 5.3% |
Dividend safety score for Prologis (PLD)
Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.
5 of 8 checks passed
Payout ratio below 75%
Payout ratio is 105.1%, above the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $1.1B — FCF fully covers the payout.
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
13 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 21.2%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 4.4x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (11.7%) exceeds EPS growth (1.7%) — payout ratio expanding.
This analysis is for informational purposes only and is not financial advice. Safety scores and comparisons reflect historical data and do not predict future performance.
Per-payment dividend history
114 payments from 1997 to 2026 · Adj. Dividend is split-adjusted
| Jun 16, 2026 | Jun 30, 2026 | $1.0700 | $1.0700 |
| Mar 17, 2026 | Mar 31, 2026 | $1.0700 | $1.0700 |
| Dec 16, 2025 | Dec 31, 2025 | $1.0100 | $1.0100 |
| Sep 16, 2025 | Sep 30, 2025 | $1.0100 | $1.0100 |
| Jun 17, 2025 | Jun 30, 2025 | $1.0100 | $1.0100 |
| Mar 18, 2025 | Mar 31, 2025 | $1.0100 | $1.0100 |
| Dec 16, 2024 | Dec 31, 2024 | $0.9600 | $0.9600 |
| Sep 16, 2024 | Sep 30, 2024 | $0.9600 | $0.9600 |
| Jun 17, 2024 | Jun 28, 2024 | $0.9600 | $0.9600 |
| Mar 15, 2024 | Mar 29, 2024 | $0.9600 | $0.9600 |
| Dec 15, 2023 | Dec 29, 2023 | $0.8700 | $0.8700 |
| Sep 15, 2023 | Sep 29, 2023 | $0.8700 | $0.8700 |
- Jun 16, 2026$1.0700
- Mar 17, 2026$1.0700
- Dec 16, 2025$1.0100
- Sep 16, 2025$1.0100
- Jun 17, 2025$1.0100
- Mar 18, 2025$1.0100
- Dec 16, 2024$0.9600
- Sep 16, 2024$0.9600
- Jun 17, 2024$0.9600
- Mar 15, 2024$0.9600
- Dec 15, 2023$0.8700
- Sep 15, 2023$0.8700
Historical dividend yield for Prologis (PLD)
Mean trailing dividend yield using one ratio snapshot per calendar year.Mean yield1Y: 3.14%5Y: 2.71%10Y: 2.75%
Dividend per share for Prologis (PLD)
CAGR (per year)1Y: 5.21%5Y: 11.73%10Y: 10.27%→ Stable
| Year | Total ($/share) | Payments |
|---|---|---|
| 1997 | $0.13 | 1 |
| 1998 | $1.37 | 4 |
| 1999 | $1.40 | 4 |
| 2000 | $1.48 | 4 |
| 2001 | $1.58 | 4 |
| 2002 | $1.64 | 4 |
| 2003 | $1.66 | 4 |
| 2004 | $1.70 | 4 |
| 2005 | $1.76 | 4 |
| 2006 | $1.84 | 4 |
| 2007 | $2.00 | 4 |
| 2008 | $1.56 | 3 |
| 2009 | $1.12 | 4 |
| 2010 | $1.12 | 4 |
| 2011 | $1.12 | 4 |
| 2012 | $1.12 | 4 |
| 2013 | $1.12 | 4 |
| 2014 | $1.32 | 4 |
| 2015 | $1.52 | 4 |
| 2016 | $1.68 | 4 |
| 2017 | $1.76 | 4 |
| 2018 | $1.92 | 4 |
| 2019 | $2.12 | 4 |
| 2020 | $2.32 | 4 |
| 2021 | $2.52 | 4 |
| 2022 | $3.16 | 4 |
| 2023 | $3.48 | 4 |
| 2024 | $3.84 | 4 |
| 2025 | $4.04 | 4 |
| 2026 | $2.14 | 2 |
Dividend growth for Prologis (PLD)
Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.
Dividend Increase Track Record
Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.
| 2026 | $4.0400 | — | — |
| 2025 | $3.8400 | $4.0400 | +5.2% |
| 2024 | $3.4800 | $3.8400 | +10.3% |
| 2023 | $3.1600 | $3.4800 | +10.1% |
| 2022 | $2.5200 | $3.1600 | +25.4% |
| 2021 | $2.3200 | $2.5200 | +8.6% |
| 2020 | $2.1200 | $2.3200 | +9.4% |
| 2019 | $1.9200 | $2.1200 | +10.4% |
| 2018 | $1.7600 | $1.9200 | +9.1% |
| 2017 | $1.6800 | $1.7600 | +4.8% |
| 2016 | $1.5200 | $1.6800 | +10.5% |
| 2015 | $1.3200 | $1.5200 | +15.2% |
| 2014 | $1.1200 | $1.3200 | +17.9% |
| 2013 | $1.1200 | $1.1200 | 0.0% |
| 2012 | $1.1200 | $1.1200 | 0.0% |
| 2011 | $1.1200 | $1.1200 | 0.0% |
| 2010 | $1.1200 | $1.1200 | 0.0% |
| 2009 | $1.5600 | $1.1200 | -28.2% |
| 2008 | $2.0000 | $1.5600 | -22.0% |
| 2007 | $1.8400 | $2.0000 | +8.7% |
| 2006 | $1.7600 | $1.8400 | +4.5% |
| 2005 | $1.7000 | $1.7600 | +3.5% |
| 2004 | $1.6600 | $1.7000 | +2.4% |
| 2003 | $1.6400 | $1.6600 | +1.2% |
| 2002 | $1.5800 | $1.6400 | +3.8% |
| 2001 | $1.4800 | $1.5800 | +6.8% |
| 2000 | $1.4000 | $1.4800 | +5.7% |
| 1999 | $1.3680 | $1.4000 | +2.3% |
| 1998 | — | $1.3680 | — |
- 2026—
- 2025$4.0400
- 2024$3.8400
- 2023$3.4800
- 2022$3.1600
- 2021$2.5200
- 2020$2.3200
- 2019$2.1200
- 2018$1.9200
- 2017$1.7600
- 2016$1.6800
- 2015$1.5200
- 2014$1.3200
- 2013$1.1200
- 2012$1.1200
- 2011$1.1200
- 2010$1.1200
- 2009$1.1200
- 2008$1.5600
- 2007$2.0000
- 2006$1.8400
- 2005$1.7600
- 2004$1.7000
- 2003$1.6600
- 2002$1.6400
- 2001$1.5800
- 2000$1.4800
- 1999$1.4000
- 1998$1.3680
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Frequently asked questions
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