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CoreSite Realty Corporation Increases Fourth-Quarter 2017 Common Stock Dividend 9% to $0.98 Per Share

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CoreSite Realty Corporation Increases Fourth-Quarter 2017 Common Stock Dividend 9% to $0.98 Per Share - on DefenceBriefing.net

CoreSite Realty Corporation (NYSE: COR), a premier provider of secure, reliable, high-performance data center and interconnection solutions across the U.S., today announced a cash dividend of $0.98 per share on common stock and common stock equivalents for the fourth quarter of 2017. The $0.98 per share quarterly dividend represents a $0.08, or 8.9%, increase over the prior quarterly dividend of $0.90 per share that was established in May 2017, and a $0.18, or 22.5%, increase over the dividend rate set in December 2016.



The increased dividend reflects an annualized dividend rate of $3.92 per share, compared to the prior annualized dividend rate of $3.60 per share. The fourth-quarter common stock dividend will be paid on January 16, 2018, to shareholders of record on December 29, 2017.

“As we have stated previously, we are targeting the amount and timing of our dividend increases to ensure dividend growth is closely aligned with performance and cash flow generation,” said Jeff Finnin, Chief Financial Officer of CoreSite. “We are pleased to again be able to increase cash returns to our shareholders, while continuing to invest in our business for long-term growth.”

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