Digital Realty (NYSE: DLR), the leading global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today that its board of directors has authorized quarterly cash dividends for common and preferred stock for the first quarter of 2022.
“Our board of directors has approved a 5% increase in our quarterly common stock cash dividend to $1.22 per share, reflecting confidence in the underlying strength of our business as well as the strength of the recurring cash flows that support a steadily growing and well covered dividend, while retaining capital to fund future growth opportunities,” commented Andrew P. Power, President and Chief Financial Officer. “This marks the 17th consecutive year we have grown our dividend, and we are pleased to be among a select group of REITs to have raised the dividend each and every year since our initial public offering in 2004.”
Common Stock
Digital Realty’s board of directors authorized a cash dividend of $1.22 per share to common stockholders of record as of the close of business on March 15, 2022. The common stock cash dividend will be paid on March 31, 2022.
Series J Cumulative Redeemable Preferred Stock
The company’s board of directors authorized a cash dividend of $0.328125 per share to holders of record of the company’s 5.250% Series J Cumulative Redeemable Preferred Stock as of the close of business on March 15, 2022. The Series J Cumulative Redeemable Preferred Stock cash dividend will be paid on March 31, 2022.
Series K Cumulative Redeemable Preferred Stock
The company’s board of directors authorized a cash dividend of $0.365625 per share to holders of record of the company’s 5.850% Series K Cumulative Redeemable Preferred Stock as of the close of business on March 15, 2022. The Series K Cumulative Redeemable Preferred Stock cash dividend will be paid on March 31, 2022.
Series L Cumulative Redeemable Preferred Stock
The company’s board of directors authorized a cash dividend of $0.325000 per share to holders of record of the company’s 5.200% Series L Cumulative Redeemable Preferred Stock as of the close of business on March 15, 2022. The Series L Cumulative Redeemable Preferred Stock cash dividend will be paid on March 31, 2022.
