Second-quarter common stock dividend increased to $1.03 per share
DENVER--(BUSINESS WIRE)--May 24, 2018-- 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 $1.03 per share on common stock and common stock equivalents for the second quarter of 2018.
The $1.03 per share quarterly dividend represents a $0.05, or 5.1%, increase over the prior quarterly dividend of $0.98 per share. The second-quarter common stock dividend will be paid on July 16, 2018, to shareholders of record on June 29, 2018.
"We are pleased to be able to raise our quarterly dividend by 5%, reflecting solid operating performance and cash flow generation,” said Jeff Finnin, Chief Financial Officer. “We remain confident in our ability to create value for our shareholders, while continuing to invest in our business for future growth.”
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 1,250 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 450+ 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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