DuPont Fabros Technology, Inc. Announces 40% Increase In First Quarter 2014
Dividend To $0.35 Per Common Share
WASHINGTON, Jan. 29, 2014
WASHINGTON, Jan. 29, 2014 /PRNewswire/ --DuPont Fabros Technology, Inc.
(NYSE: DFT) announced today that the Company's Board of Directors declared a
cash dividend of $0.35 per common share for the first quarter of 2014. The
increase is $0.10 per common share, or 40 percent, over the previous quarter's
dividend, and will be paid on April 15, 2014, to all shareholders of record as
of the close of business on April 4, 2014.
"Our quarterly dividend has nearly tripled from the $0.12 per share amount it
was two years ago and has increased 75% versus one year ago," said Hossein
Fateh, President and Chief Executive Officer of DuPont Fabros Technology,
Inc. "The continued strength of DFT's leasing and operating results allows
the dividend to increase as we maintain our policy of distributing 100 percent
of taxable income."
About DuPont Fabros Technology, Inc.
DuPont Fabros Technology, Inc. (NYSE: DFT) is a leading owner, developer,
operator and manager of enterprise-class, carrier-neutral, large
multi-tenanted wholesale data centers. The Company's facilities are designed
to offer highly specialized, efficient and safe computing environments in a
low-cost operating model. The Company's customers outsource their mission
critical applications and include national and international enterprises
across numerous industries, such as technology, Internet content providers,
media, communications, cloud-based, healthcare and financial services. The
Company's ten data centers are located in four major U.S. markets, which total
2.5 million gross square feet and 218 megawatts of available critical load to
power the servers and computing equipment of its customers. DuPont Fabros
Technology, Inc., a real estate investment trust (REIT) is headquartered in
Washington, DC. For more information, please visit www.dft.com.
SOURCE DuPont Fabros Technology, Inc.
Contact: Jeffrey H. Foster, Chief Financial Officer, +1 (202) 478-2333 or
Christopher Warnke, Manager, Investor Relations, +1 (202) 478-2330
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