Company: PLDGP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000950170-25-021272
Chunk: 514

Company: Prologis, Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 1
Chunk 514
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 based on management’s estimates as our tax return for the year ended December 31, 2024 has not been filed. As the statute of limitations is generally three years, our tax returns for certain years remain subject to examination and consequently the taxability of the dividends is subject to change. In 2024, 2023 and 2022, we paid all of our dividends in cash.  The following summarizes the taxability of our common and preferred stock dividends for the years ended December 31:  

        2024

        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