ProLogis Hikes Dividend For 13th Year (PLD)

ProLogis makes it official!

DENVER, Dec. 21 /PRNewswire-FirstCall/ — ProLogis (NYSE: PLD), the world’s largest owner, manager and developer of distribution facilities, announced today that its Board set a new annualized dividend level for 2007 of $1.84 per common share, or $0.46 per quarter. This represents a 15% increase over 2006. The company has increased its dividend every year since becoming publicly traded in 1994.
    Jeff Schwartz, ProLogis chief executive officer, commented: “The growth in our dividend reflects the continued strength of global demand for industrial space and our confidence in the company’s ability to capitalize on opportunities in the market. These factors continue to allow us to generate significant earnings and dividend growth.”

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