Company: PLDGP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000950170-25-021272
Chunk: 56

Company: Prologis, Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 16
Chunk 56
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 2023

        2022

        Common Stock:

        Ordinary income
         
        $
        3.50

        $
        3.29

        $
        3.08

        Qualified dividend

        0.01

        0.00

        0.02

        Capital gains

        0.33

        0.19

        0.06

        Total dividend
         
        $
        3.84

        $
        3.48

        $
        3.16

        Preferred Stock – Series Q:

        Ordinary income
         
        $
        3.90

        $
        4.05

        $
        4.16

        Qualified dividend

        0.02

        0.00

        0.02

        Capital gains

        0.35

        0.22

        0.09

        Total dividend
         
        $
        4.27

        $
        4.27

        $
        4.27

       Common stock dividends are characterized for federal income tax purposes as ordinary income, qualified dividend, capital gains, non-taxable return of capital or a combination of the four. Common stock dividends that exceed our current and accumulated earnings and profits (calculated for tax purposes) constitute a return of capital rather than a dividend and generally reduce the stockholder’s basis in the common stock. To the extent that a dividend exceeds both current and accumulated earnings and profits and the stockholder’s basis in the common stock, it will generally be treated as a gain from the sale or exchange of that stockholder’s common stock. At the beginning of each year, we notify our stockholders of the taxability of the common stock dividends paid during the preceding year. Pursuant to the terms of our preferred stock, we are restricted from declaring or paying any dividend with respect to our common stock unless and until all cumulative dividends with respect to the preferred stock have been paid and sufficient funds have been set aside for dividends that have been declared for the relevant dividend period with respect to the preferred stock.

NOTE 10. PARTNERS’ CAPITAL OF PROLOGIS, L.P. Distributions paid on the common limited partnership units, and the taxability of those distributions, are similar to dividends paid on the Parent’s common stock disclosed above. On October 3, 2022, we issued 2.1 million common