Piedmont Realty Trust, Inc.
PDMPiedmont Office Realty Trust, Inc. (PDM) is a real estate investment trust that specializes in owning, managing, and leasing office properties primarily in high-growth markets across the United States. Founded in 1997 and headquartered in Raleigh, North Carolina, the company focuses on acquiring and developing Class A office spaces to meet the needs of corporate tenants. Piedmont Office Realty emphasizes quality properties in strategic locations, aiming to generate stable rental income and long-term value for its shareholders.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| March 14, 2025 | $0.12 | 2025-02-21 | 2025-02-21 |
| January 2, 2025 | $0.12 | 2024-11-22 | 2024-11-22 |
| September 20, 2024 | $0.12 | 2024-08-23 | 2024-08-23 |
| June 14, 2024 | $0.12 | 2024-05-23 | 2024-05-24 |
| March 15, 2024 | $0.12 | 2024-02-22 | 2024-02-23 |
Dividends Summary
- Consistent Payer: Piedmont Realty Trust, Inc. has rewarded shareholders with 62 dividend payments over the past 15 years.
- Total Returned Value: Investors who held PDM shares during this period received a total of $13.44 per share in dividend income.
- Latest Payout: The most recent dividend of $0.12/share was paid 315 days ago, on March 14, 2025.
- Yield & Schedule: PDM currently pays dividends quarterly with an annual yield of 5.95%.
- Dividend Growth: Since 2010, the dividend payout has decreased by 60.3%, from $0.32 to $0.12.
- Dividend Reliability: PDM has maintained or increased its dividend for 7 consecutive payments.
Company News
Piedmont Office Realty Trust, a leading owner of Class A office properties in the Sunbelt, reported strong leasing activity in Q3 2024, with over 461,000 square feet of new leases, 45% of which were with new tenants. The company's in-service leased percentage reached 88.8% as of September 30, 2024, and its contractual backlog stands at 1.5 millio...
Atlanta, June 13, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (the “Company” or “Piedmont”) (NYSE:PDM) announced today that its operating partnership, Piedmont Operating Partnership, LP (the “Operating Partnership”), has priced an offering of $400 million aggregate principal amount of 6.875% senior unsecured notes du...
Brings YTD leasing to Approximately 1.1 million SF Brings YTD leasing to Approximately 1.1 million SF
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Piedmont's (PDM) securing of a new lease with Travel + Leisure at Downtown, Orlando highlights solid demand for its office buildings.
