CoreSite Realty Corporation Announces 30% Increase in Fourth-Quarter 2013 Common Stock Dividend to $0.35 Per Share
December 06 2013 - 8:00AM
Business Wire
Declares dividend on Series A Preferred
Stock
CoreSite Realty Corporation (NYSE:COR), a provider of
network-dense, cloud-enabled data center products and services,
today announced that its Board of Directors declared a cash
dividend of $0.35 per share on common stock and common stock
equivalents for the fourth quarter of 2013. This increase
represents a $0.08, or 30%, increase from the previous quarterly
dividend rate of $0.27 per share. The increased dividend reflects
an annualized dividend rate of $1.40 per share, compared to the
prior annualized dividend rate of $1.08 per share.
The fourth-quarter common stock dividend will be paid on January
15, 2014, to shareholders of record on December 31, 2013.
CoreSite’s Chief Executive Officer, Tom Ray, stated, “We are
pleased to announce a 30% increase in our quarterly dividend rate,
which reflects continued successful execution of our business plan.
We remain committed to generating superior shareholder returns, and
this announcement marks the third dividend increase since our
initial public offering in September 2010.”
CoreSite’s Board of Directors also declared a cash dividend of
$0.4531 per share of Series A Cumulative Redeemable Preferred
Stock. The preferred share dividend will be paid on January 15,
2014, to shareholders of record on December 31, 2013.
About CoreSite
CoreSite Realty Corporation (NYSE: COR) delivers secure,
reliable, high-availability data center products and services
across eight key North American markets. CoreSite connects,
protects and ensures the optimal performance and continued
operation of mission-critical data and IT infrastructure for
enterprises and Internet, private networking, mobility, and cloud
service providers. CoreSite's scalable platform of over 2.5 million
square feet of efficient, network-dense, cloud-enabled data center
capacity empowers customers to accelerate business performance,
reduce operating costs and increase flexibility across their IT and
communications systems. CoreSite's 350 professionals deliver
best-in-class service by placing customer needs first in supporting
the planning, implementation and operating requirements necessary
to ensure reliable, secure and efficient IT environments.
More than 750 of the world’s leading enterprises, carriers and
mobile operators, content and cloud providers and media and
entertainment companies choose CoreSite to connect, protect and
optimize their performance-sensitive data, applications and
computing workloads. CoreSite provides direct access to more than
275 carriers and ISPs, inter-site connectivity and CoreSite's Open
Cloud Exchange, which supports rapid, efficient and scalable
Ethernet access to multiple key public clouds, enabling simple,
flexible, multi-cloud capabilities. For more information, visit
www.CoreSite.com.
CoreSite Investor Relations:Greer Aviv | CoreSite
Investor Relations Director+1 303.405.1012 | +1
303.222.7276Greer.Aviv@CoreSite.com
Cencora (NYSE:COR)
Historical Stock Chart
From Jul 2024 to Aug 2024
Cencora (NYSE:COR)
Historical Stock Chart
From Aug 2023 to Aug 2024