This Incredible Dividend Stock Hit a Speed Bump. Time to Sell?
PLDPrologis(PLD) The Motley Fool·2024-04-18 17:17

Prologis expects some near-term headwinds to weigh on its growth this year. Prologis (PLD -7.19%) has done an incredible job paying dividends over the years. The real estate investment trust (REIT), focused on logistics properties, has grown its payout at a 13% compound annual rate over the last five years. That's more than double the 5% dividend growth rate of the S&P 500 and the average REIT. The industrial REIT had initially expected that 2024 would be another strong year. However, some near-term headwin ...