SAN FRANCISCO, Feb. 26, 2015 /PRNewswire/ -- Digital Realty Trust, Inc. DLR, a leading global provider of data center and colocation solutions, announced today that its board of directors has authorized quarterly common and preferred stock dividends for the first quarter of 2015.
"We have increased our quarterly common stock dividend by $0.02 to $0.85 per share due to our expected continued growth in funds from operations, or FFO. This is the 13th dividend increase since our IPO in 2004. On an annualized basis, this represents an increase of 2.4% over the 2014 annualized dividend of $3.32 per share, and a compound annual growth rate of 13% since our first full quarter of operations following our IPO," said A. William Stein, Chief Executive Officer and Chief Financial Officer.
Common Stock Dividend
Digital Realty's board of directors authorized a quarterly common stock dividend of $0.85 per share to common stockholders of record as of the close of business on March 13, 2015. The common stock dividend will be paid on March 31, 2015.
Series E Cumulative Redeemable Preferred Stock Dividend
The company's board of directors authorized a preferred stock dividend of $0.43750 per share to holders of record of the company's 7.000% Series E Cumulative Redeemable Preferred Stock as of the close of business on March 13, 2015. The Series E Cumulative Redeemable Preferred Stock dividend will be paid on March 31, 2015.
Series F Cumulative Redeemable Preferred Stock Dividend
The company's board of directors authorized a preferred stock dividend of $0.414063 per share to holders of record of the company's 6.625% Series F Cumulative Redeemable Preferred Stock as of the close of business on March 13, 2015. The Series F Cumulative Redeemable Preferred Stock dividend will be paid on March 31, 2015.
Series G Cumulative Redeemable Preferred Stock Dividend
The company's board of directors authorized a preferred stock dividend of $0.367188 per share to holders of record of the company's 5.875% Series G Cumulative Redeemable Preferred Stock as of the close of business on March 13, 2015. The Series G Cumulative Redeemable Preferred Stock dividend will be paid on March 31, 2015.
Series H Cumulative Redeemable Preferred Stock Dividend
The company's board of directors authorized a cash dividend of $0.460938 per share to holders of record of the company's 7.375% Series H Cumulative Redeemable Preferred Stock as of the close of business on March 13, 2015. The Series H Cumulative Redeemable Preferred Stock dividend will be paid on March 31, 2015.
About Digital Realty
Digital Realty Trust, Inc. supports the data center and colocation strategies of more than 600 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from financial services, cloud and information technology services, to manufacturing, energy, gaming, life sciences and consumer products. www.digitalrealty.com
For Additional Information
John J. Stewart
Senior Vice President
Investor Relations
Digital Realty Trust, Inc.
+1 (415) 738-6500
Safe Harbor Statement
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to the amount and timing of expected payment of dividends on our common stock and preferred stock, and statements related to our financial performance, future growth for 2015 and dividend policy. These risks and uncertainties include, among others, the impact of current global economic, credit and market conditions; decreases in information technology spending; adverse economic or real estate developments in our industry or the industry sectors that we sell to; risks related to our tenants; our failure to obtain necessary debt and equity financing; risks associated with using debt to fund our business activities; financial market fluctuations; our inability to manage our growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; our failure to successfully integrate and operate acquired or developed properties or businesses; the suitability of our properties and data center infrastructure, delays or disruptions in connectivity, failure of our physical infrastructure or services or availability of power; risks related to joint venture investments; delays or unexpected costs in development of properties; decreased rental rates, increased operating costs or increased vacancy rates; increased competition or available supply of data center space; our inability to successfully develop and lease new properties and development space; difficulties in identifying properties to acquire and completing acquisitions; our inability to comply with the rules and regulations applicable to reporting companies; our failure to maintain our status as a REIT; restrictions on our ability to engage in certain business activities; environmental uncertainties and risks related to natural disasters; losses in excess of our insurance coverage; and changes in laws and regulations, including those related to taxation and real estate ownership and operation. For a further list and description of such risks and uncertainties, see the reports and other filings by the company with the U.S. Securities and Exchange Commission, including the company's Annual Report on Form 10-K for the year ended December 31, 2013, as amended, and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2014, June 30, 2014 and September 30, 2014. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Digital Realty Trust, Inc.
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