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PDM Piedmont Office Realty Trust dividend history, payout ratio & dates

  1. Stocks
  2. Real Estate
  3. NYSE: PDM
  4. Dividend

Piedmont Office Realty Trust's last quarterly dividend of $0.125 per share was on Aug 24, 2023 (ex-date). The annualized dividend payment of $0.76 per share represents a current dividend yield of 13.15%. The latest PDM payout of $0.125 marks a dividend change of -40%.

Key dates

  • PDM last dividend date: Aug 24, 2023
  • PDM next dividend date: Not announced
Peer dividends: PEB KRC
PDM dividend stats
DPS
$0.76
Dividend yield
13.51%
Payout ratio
123.8%
vs. Real Estate sector
Dividend yield
6.85%
Payout ratio
127.6%

Dividend yield

What is Piedmont Office Realty Trust current dividend yield

PDM has a dividend yield of 13.15% which is above the Real Estate sector and the industry average. Compared to its Real Estate sector average of 6.85%, Piedmont Office Realty Trust's dividend yield is 92% higher. Historically PDM's dividend yield has averaged at 6.0% in the last 5 years, which is below the current yield.

Dividend history

What is PDM dividend payout history and dates

Piedmont Office Realty Trust has a history of paying dividends since 2010. Our records of PDM show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS marks a decrease of 10% since one year ago. But with the stock price down by 49% from a year ago, the dividend yield marks an increase of 75%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Aug 24, 2023 Sep 15, 2023 Jul 26, 2023 $0.125 normal
May 25, 2023 Jun 16, 2023 May 1, 2023 $0.21 normal
Feb 23, 2023 Mar 17, 2023 Feb 1, 2023 $0.21 normal
Nov 23, 2022 Jan 3, 2023 Oct 25, 2022 $0.21 normal
Aug 25, 2022 Sep 16, 2022 Jul 27, 2022 $0.21 normal
May 26, 2022 Jun 17, 2022 Apr 27, 2022 $0.21 normal
Feb 24, 2022 Mar 18, 2022 Feb 2, 2022 $0.21 normal
Nov 24, 2021 Jan 4, 2022 Oct 27, 2021 $0.21 normal
Aug 26, 2021 Sep 17, 2021 Jul 28, 2021 $0.21 normal
May 27, 2021 Jun 18, 2021 Apr 28, 2021 $0.21 normal
Feb 25, 2021 Mar 19, 2021 Feb 2, 2021 $0.21 normal
Nov 25, 2020 Jan 4, 2021 Oct 28, 2020 $0.21 normal
Aug 27, 2020 Sep 18, 2020 Jul 29, 2020 $0.21 normal
May 28, 2020 Jun 19, 2020 Apr 29, 2020 $0.21 normal
Feb 27, 2020 Mar 20, 2020 Feb 4, 2020 $0.21 normal
Nov 27, 2019 Jan 3, 2020 Oct 30, 2019 $0.21 normal
Aug 29, 2019 Sep 20, 2019 Jul 31, 2019 $0.21 normal
May 30, 2019 Jun 21, 2019 May 1, 2019 $0.21 normal
Feb 27, 2019 Mar 15, 2019 Feb 5, 2019 $0.21 normal
Nov 29, 2018 Jan 3, 2019 Oct 30, 2018 $0.21 normal
Aug 30, 2018 Sep 21, 2018 Aug 1, 2018 $0.21 normal
May 22, 2018 Jun 15, 2018 May 1, 2018 $0.21 normal
Feb 22, 2018 Mar 16, 2018 Feb 7, 2018 $0.21 normal
Dec 22, 2017 Jan 9, 2018 Dec 13, 2017 $0.5 special
Nov 22, 2017 Jan 4, 2018 Oct 31, 2017 $0.21 normal
Aug 23, 2017 Sep 15, 2017 Aug 1, 2017 $0.21 normal
May 24, 2017 Jun 16, 2017 May 2, 2017 $0.21 normal
Feb 22, 2017 Mar 17, 2017 Feb 8, 2017 $0.21 normal
Nov 22, 2016 Jan 3, 2017 Nov 1, 2016 $0.21 normal
Aug 24, 2016 Sep 16, 2016 Aug 2, 2016 $0.21 normal
May 25, 2016 Jun 17, 2016 Apr 27, 2016 $0.21 normal

Piedmont Office Realty Trust dividend payout ratio

What is Piedmont Office Realty Trust dividend payout ratio compared to the sector

Payout ratio

PDM has a payout ratio of 123.8% which is higher than the industry average but lower than the Real Estate sector average. But in comparison with the Real Estate sector average of 127.6%, Piedmont Office Realty Trust's payout ratio is only 3% lower.

Total amount of dividends paid per financial year (from cash flow)

PDM dividend vs peer dividends

How does PDM dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
PDM Piedmont Office Realty Trust Inc 13.51% $0.76 123.8%
KRC Kilroy Realty Corp 6.84% $2.16 103.8%
PEB Pebblebrook Hotel Trust 0.3% $0.04 N/A

Frequently asked questions

Does Piedmont Office Realty Trust pay a dividend?

Yes, Piedmont Office Realty Trust has paid four dividends in the last 12 months. PDM has been paying dividends since 2010.

When is Piedmont Office Realty Trust's next dividend?

PDM hasn't announced its next dividend date yet, however if we take into account its recent dividend frequency, it is likely that its next dividend will be in November 2023.

When was PDM's last dividend?

Piedmont Office Realty Trust's last regular dividend was on Aug 24, 2023 (ex-date) with the amount of $0.125 per share.

How much dividend does Piedmont Office Realty Trust pay (per share)?

On an annual basis PDM pays $0.76 per share.

What is Piedmont Office Realty Trust's dividend yield?

Currently Piedmont Office Realty Trust's dividend yield is 13.15%.

How often does Piedmont Office Realty Trust pay dividends?

Piedmont Office Realty Trust pays dividends quarterly.

What is Piedmont Office Realty Trust's dividend payout ratio?

Piedmont Office Realty Trust's dividend payout ratio is 123.8%.

Does Piedmont Office Realty Trust pay a good dividend?

Piedmont Office Realty Trust's dividend yield is above the Real Estate sector average.