CoreSite Realty Corporation Announces 26% Increase in Fourth-Quarter 2015 Common Stock Dividend to $0.53 Per Share
December 02 2015 - 4:15PM
Business Wire
Declares dividend on Series A Preferred
Stock
CoreSite Realty Corporation (NYSE:COR), a premier provider of
secure, reliable, high-performance data center solutions across the
U.S., today announced that its Board of Directors declared a cash
dividend of $0.53 per share on common stock and common stock
equivalents for the fourth quarter of 2015. This increase
represents a $0.11, or 26%, increase from the previous quarterly
dividend rate of $0.42 per share. The increased dividend reflects
an annualized dividend rate of $2.12 per share, compared to the
prior annualized dividend rate of $1.68 per share.
The fourth-quarter common stock dividend will be paid on January
15, 2016, to shareholders of record on December 31, 2015.
CoreSite’s Chief Executive Officer, Tom Ray, stated, “We are
pleased to announce a 26% increase in our quarterly dividend rate,
representing the fifth consecutive year of double-digit dividend
growth. This increased quarterly dividend rate reflects our
continued execution of our strategic priorities and growth plans,
as well as our commitment to delivering superior returns on capital
for our shareholders.”
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,
2016, to shareholders of record on December 31, 2015.
About CoreSite
CoreSite Realty Corporation (NYSE:COR) delivers secure,
reliable, high-performance data center solutions across eight key
North American markets. More than 900 of the world’s leading
enterprises, network operators, cloud providers, and supporting
service providers choose CoreSite to connect, protect and optimize
their performance-sensitive data, applications and computing
workloads. Our scalable, flexible solutions and 350+ dedicated
employees consistently deliver unmatched data center options -- all
of which leads to a best-in-class customer experience and lasting
relationships. For more information, visit www.CoreSite.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20151202005901/en/
CoreSite Investor Relations ContactGreer Aviv, +1
303-405-1012 | +1 303-222-7276Greer.Aviv@CoreSite.com
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