Prologis to increase quarterly common stock 18% to $1.32 per share annualized

Prologis approved a plan to raise the company's annualized dividend level by 18% to $1.32 per share of common stock. The board declared a regular cash dividend for the quarter on the following securities: a dividend of 33c per share of the company's common stock, up 5c per share over the December 2013 quarterly common stock dividend, payable on March 31 to common stockholders of record at the close of business on March 12, and a dividend of $1.0675 per share of the company's 8.54% Series Q Cumulative Redeemable Preferred Stock, payable on March 31 to Series Q stockholders of record at the close of business on March 19.