ATLANTA--(BUSINESS WIRE)--Americold Realty Trust (NYSE: COLD) (the “Company” or “Americold”), the world’s largest publicly traded REIT focused on the ownership, operation, acquisition, and development of temperature-controlled warehouses, today announced that its Board of Trustees has declared a dividend of $0.21 per share for the first quarter of 2020, payable to holders of the Company’s common shares. This represents an annualized dividend rate of $0.84 and a 5.0% increase over the prior dividend of $0.20 per share. The dividend will be payable in cash on April 15, 2020 to shareholders of record at the close of business on March 31, 2020.
“We are very proud of our ability to continue to execute on our strategy to deliver long-term cash flow growth and create shareholder value. As a result of this strong execution, we are excited to announce our second dividend increase since going public,” stated Fred Boehler, President and Chief Executive Officer of Americold Realty Trust.
About Americold Realty Trust
Americold is the world’s largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 178 temperature-controlled warehouses, with over 1 billion refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina, as of December 31st, 2019. Americold’s facilities are an integral component of the supply chain connecting food producers, processors, distributors and retailers to consumers.