First Industrial Realty Trust Declares $0.50 Quarterly Dividend
First Industrial Realty Trust's board approved a $0.50 per share common stock dividend for the quarter, the company announced from Chicago.
First Industrial Realty Trust, Inc. (NYSE: FR) announced Monday that its board of directors has declared a quarterly common stock dividend of $0.50 per share, or unit, the Chicago-based logistics real estate company said in a statement.
The declaration applies to common stockholders of the industrial real estate investment trust, which positions itself as a fully integrated owner, operator, and developer of logistics properties across the United States.
Read more Robo.ai Confirms 1-for-25 Reverse Stock Split for Nasdaq Shares →
The move reaffirms the company's commitment to returning capital to shareholders on a regular quarterly basis, a standard practice among REITs that are required by law to distribute a significant portion of taxable income to maintain their tax-advantaged status.
First Industrial operates within the logistics real estate sector, a segment that has drawn sustained investor interest as demand for warehouse and distribution infrastructure tied to e-commerce and supply chain reshoring has remained elevated in recent years.
Continue reading at All Financial Services & Investing
