Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in select sub-markets within seven major Eastern U.S. office markets, with the majority of its revenue being generated from the Sunbelt. Its geographically-diversified, approximately $5 billion portfolio is currently comprised of approximately 17 million square feet. The Company is a fully-integrated, self-managed real estate investment trust (REIT) with local management offices in each of its markets and is investment-grade rated by S&P Global Ratings (BBB) and Moody's (Baa2). At the end of the third quarter, approximately 63% of the company's portfolio was ENERGY STAR certified and approximately 41% was LEED certified.
Piedmont Office Realty Trust Dividend Announcement
• Piedmont Office Realty Trust announced a quarterly dividend of $0.12 per ordinary share which will be made payable on 2025-01-02. Ex dividend date: 2024-11-22
• Piedmont Office Realty Trust annual dividend for 2024 was $0.50
• Piedmont Office Realty Trust annual dividend for 2023 was $0.67
• Piedmont Office Realty Trust's trailing twelve-month (TTM) dividend yield is 5.0%
• Piedmont Office Realty Trust's payout ratio for the trailing twelve months (TTM) is -80.37%
• Piedmont Office Realty Trust's dividend growth over the last five years (2018-2023) was -4.42% year
• Piedmont Office Realty Trust's dividend growth over the last ten years (2013-2023) was 1.11% year
Piedmont Office Realty Trust Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-22 | $0.12 | quarterly | 2025-01-02 |
2024-08-23 | $0.12 | quarterly | 2024-09-20 |
2024-05-23 | $0.12 | quarterly | |
2024-02-22 | $0.12 | quarterly | 2024-03-15 |
2023-11-22 | $0.12 | quarterly | 2024-01-02 |
2023-08-24 | $0.12 | quarterly | 2023-09-15 |
2023-05-25 | $0.21 | quarterly | 2023-06-16 |
2023-02-23 | $0.21 | quarterly | 2023-03-17 |
2022-11-23 | $0.21 | quarterly | 2023-01-03 |
2022-08-25 | $0.21 | quarterly | 2022-09-16 |
2022-05-26 | $0.21 | quarterly | 2022-06-17 |
2022-02-24 | $0.21 | quarterly | 2022-03-18 |
2021-11-24 | $0.21 | quarterly | 2022-01-04 |
2021-08-26 | $0.21 | quarterly | 2021-09-17 |
2021-06-17 | $0.21 | quarterly | |
2021-05-27 | $0.21 | quarterly | 2021-06-18 |
2021-02-25 | $0.21 | quarterly | 2021-03-19 |
2020-11-25 | $0.21 | quarterly | 2021-01-04 |
2020-08-27 | $0.21 | quarterly | 2020-09-18 |
2020-05-28 | $0.21 | quarterly | 2020-06-19 |
2020-02-27 | $0.21 | quarterly | 2020-03-20 |
2019-11-27 | $0.21 | quarterly | 2020-01-03 |
2019-08-29 | $0.21 | quarterly | 2019-09-20 |
2019-05-30 | $0.21 | quarterly | 2019-06-21 |
2019-02-27 | $0.21 | quarterly | 2019-03-15 |
2018-11-29 | $0.21 | quarterly | 2019-01-03 |
2018-08-30 | $0.21 | quarterly | 2018-09-21 |
2018-05-22 | $0.21 | quarterly | 2018-06-15 |
2018-02-22 | $0.21 | quarterly | 2018-03-16 |
2017-12-22 | $0.50 | quarterly | 2018-01-09 |
2017-11-22 | $0.21 | quarterly | 2018-01-04 |
2017-08-23 | $0.21 | quarterly | 2017-09-15 |
2017-05-24 | $0.21 | quarterly | 2017-06-16 |
2017-02-22 | $0.21 | quarterly | 2017-03-17 |
2016-11-22 | $0.21 | quarterly | 2017-01-03 |
2016-08-24 | $0.21 | quarterly | 2016-09-16 |
2016-05-25 | $0.21 | quarterly | 2016-06-17 |
2016-02-24 | $0.21 | quarterly | 2016-03-18 |
2015-11-24 | $0.21 | quarterly | 2015-12-18 |
2015-08-26 | $0.21 | quarterly | 2015-09-18 |
2015-05-27 | $0.21 | quarterly | 2015-06-19 |
2015-02-25 | $0.21 | quarterly | 2015-03-20 |
2014-11-25 | $0.21 | quarterly | 2014-12-19 |
2014-08-27 | $0.20 | quarterly | 2014-09-19 |
2014-05-28 | $0.20 | quarterly | 2014-06-20 |
2014-02-26 | $0.20 | quarterly | 2014-03-21 |
2013-11-26 | $0.20 | quarterly | 2013-12-20 |
2013-05-29 | $0.20 | quarterly | 2013-06-21 |
2013-03-07 | $0.20 | quarterly | 2013-03-22 |
Piedmont Office Realty Trust Dividend per year
Piedmont Office Realty Trust Dividend growth
Piedmont Office Realty Trust Dividend Yield
Piedmont Office Realty Trust current trailing twelve-month (TTM) dividend yield is 5.0%. Interested in purchasing Piedmont Office Realty Trust stock? Use our calculator to estimate your expected dividend yield:
Piedmont Office Realty Trust Financial Ratios
Piedmont Office Realty Trust Dividend FAQ
Other factors to consider when evaluating Piedmont Office Realty Trust as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Piedmont Office Realty Trust's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Piedmont Office Realty Trust publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Piedmont Office Realty Trust distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Piedmont Office Realty Trust are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Piedmont Office Realty Trust sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Piedmont Office Realty Trust distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Piedmont Office Realty Trust declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Piedmont Office Realty Trust's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Piedmont Office Realty Trust's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.