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 $0.22 per share for the first quarter of 2021, payable to holders of the Company’s common shares. This represents an annualized dividend rate of $0.88 and a 4.8% increase over the prior dividend of $0.21 per share. The dividend will be payable in cash on April 15, 2021 to shareholders of record at the close of business on March 31, 2021.
“We are very pleased to announce our third consecutive annual dividend increase. Our core business remains steady and consistent, and we are very proud of our ability to continue to drive strong organic growth as well as outsized external growth, even amid the challenging backdrop of the COVID-19 pandemic,” 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 238 temperature-controlled warehouses, with over 1.4 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America. Americold’s facilities are an integral component of the supply chain connecting food producers, processors, distributors and retailers to consumers.