CoreSite Realty Corporation Announces 30% Increase in Fourth-Quarter 2013
Common Stock Dividend to $0.35 Per Share
Declares dividend on Series A Preferred Stock
DENVER -- December 6, 2013
CoreSite Realty Corporation (NYSE:COR), a provider of network-dense,
cloud-enabled data center products and services, today announced that its
Board of Directors declared a cash dividend of $0.35 per share on common stock
and common stock equivalents for the fourth quarter of 2013. This increase
represents a $0.08, or 30%, increase from the previous quarterly dividend rate
of $0.27 per share. The increased dividend reflects an annualized dividend
rate of $1.40 per share, compared to the prior annualized dividend rate of
$1.08 per share.
The fourth-quarter common stock dividend will be paid on January 15, 2014, to
shareholders of record on December 31, 2013.
CoreSite’s Chief Executive Officer, Tom Ray, stated, “We are pleased to
announce a 30% increase in our quarterly dividend rate, which reflects
continued successful execution of our business plan. We remain committed to
generating superior shareholder returns, and this announcement marks the third
dividend increase since our initial public offering in September 2010.”
CoreSite’s Board of Directors also declared a cash dividend of $0.4531 per
share of Series A Cumulative Redeemable Preferred Stock. The preferred share
dividend will be paid on January 15, 2014, to shareholders of record on
December 31, 2013.
CoreSite Realty Corporation (NYSE: COR) delivers secure, reliable,
high-availability data center products and services across eight key North
American markets. CoreSite connects, protects and ensures the optimal
performance and continued operation of mission-critical data and IT
infrastructure for enterprises and Internet, private networking, mobility, and
cloud service providers. CoreSite's scalable platform of over 2.5 million
square feet of efficient, network-dense, cloud-enabled data center capacity
empowers customers to accelerate business performance, reduce operating costs
and increase flexibility across their IT and communications systems.
CoreSite's 350 professionals deliver best-in-class service by placing customer
needs first in supporting the planning, implementation and operating
requirements necessary to ensure reliable, secure and efficient IT
More than 750 of the world’s leading enterprises, carriers and mobile
operators, content and cloud providers and media and entertainment companies
choose CoreSite to connect, protect and optimize their performance-sensitive
data, applications and computing workloads. CoreSite provides direct access to
more than 275 carriers and ISPs, inter-site connectivity and CoreSite's Open
Cloud Exchange, which supports rapid, efficient and scalable Ethernet access
to multiple key public clouds, enabling simple, flexible, multi-cloud
capabilities. For more information, visit www.CoreSite.com.
CoreSite Investor Relations:
Greer Aviv | CoreSite Investor Relations Director
+1 303.405.1012 | +1 303.222.7276
Press spacebar to pause and continue. Press esc to stop.