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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