CoreSite Realty Corporation (NYSE:COR), a premier provider of secure, reliable, high-performance data center and interconnection solutions across the US, has announced a cash dividend of USD 0.98 per share on common stock and common stock equivalents for the fourth quarter of 2017, the company said.
The USD 0.98 per share quarterly dividend represents a USD 0.08, or 8.9%, increase over the prior quarterly dividend of USD 0.90 per share that was established in May 2017, and a USD 0.18, or 22.5%, increase over the dividend rate set in December 2016.
The increased dividend reflects an annualized dividend rate of USD 3.92 per share, compared to the prior annualized dividend rate of USD 3.60 per share. The fourth-quarter common stock dividend will be paid on January 16, 2018, to shareholders of record on December 29, 2017.
CoreSite Realty delivers secure, reliable, high-performance data center and interconnection solutions to a growing customer ecosystem across eight key North American markets. More than 1,200 of the world´s enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads.