Second-quarter common stock dividend increased to $0.90 per share
DENVER--(BUSINESS WIRE)--May 30, 2017-- CoreSite Realty Corporation (NYSE:COR), a premier provider of secure, reliable, high-performance data center and interconnection solutions across the U.S., today announced that its Board of Directors authorized a cash dividend of $0.90 per share on common stock and common stock equivalents for the second quarter of 2017.
The $0.90 per share quarterly dividend represents a $0.10, or 12.5%, increase over the prior quarterly dividend of $0.80 per share. The second-quarter common stock dividend will be paid on July 17, 2017, to shareholders of record on June 30, 2017.
Paul Szurek, President and Chief Executive Officer of CoreSite, commented, "Reviewing the dividend level on a semi-annual basis allows us to more closely align the dividend with performance and return operating cash flow to shareholders according to our policy."
CoreSite’s Board of Directors also authorized a cash dividend of $0.4531 per share of Series A Cumulative Redeemable Preferred Stock. The preferred share dividend will be paid on July 17, 2017, to shareholders of record on June 30, 2017.
CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center and interconnection solutions to a growing customer ecosystem across eight key North American markets. More than 1,000 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 400+ 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.
Forward Looking Statements
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