Digital Realty Declares Quarterly Cash Dividends for Common and Preferred Stock

Rhea-AI Summary

Digital Realty (DLR) announces quarterly cash dividends for common and preferred stock for the first quarter of 2024, with a cash dividend of $1.22 per share for common stockholders and varying amounts for preferred stockholders. The dividends will be paid on March 28, 2024.

Financial Analyst

The authorization of quarterly cash dividends by Digital Realty's board of directors indicates a stable and potentially positive cash flow situation, which can signal to investors the company's confidence in its financial health and commitment to providing shareholder value. The specific dividend amounts for common and preferred stock suggest a calculated approach to distributing earnings, balancing the need to reward shareholders with the necessity to reinvest in the company's growth and operations.

From a financial perspective, the dividends might attract income-focused investors, potentially increasing the stock's demand. However, it's crucial to analyze the dividend yield, which is the dividend per share divided by the stock price. If the yield is significantly higher or lower than industry averages, it could indicate an overvaluation or undervaluation of the company's stock, or a deviation from the sector's typical dividend policy.

Market Research Analyst

Dividend announcements often reflect a company's sector performance and economic conditions. In the case of Digital Realty, operating within the data center industry, the announcement could imply a robust demand for data storage and management solutions. This demand is likely fueled by the ongoing digital transformation across various industries, which requires significant data infrastructure support.

The timing and consistency of dividend payments can also influence the company's reputation among investors. Regular dividends are typically a sign of financial stability, which might make Digital Realty an attractive option for conservative investors or those with a preference for lower-risk equity positions.

Economist

Dividends can be a reflection of broader economic trends. In a low-interest-rate environment, for example, stocks with attractive dividends can become more appealing than bonds, leading to a shift in investor preferences. Conversely, if interest rates rise, higher-yielding fixed-income securities might draw investment away from dividend stocks.

Furthermore, the declaration of dividends by Digital Realty must be evaluated in the context of the overall economic cycle. During expansionary periods, companies often have more leeway to pay out dividends due to increased profits. However, during economic downturns, maintaining such payouts can strain cash reserves. The ability of Digital Realty to continue these payments could be seen as a testament to its operational resilience and strategic financial management.

AUSTIN, Texas, Feb. 28, 2024 /PRNewswire/ -- Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today its board of directors has authorized quarterly cash dividends for common and preferred stock for the first quarter of 2024. 

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, 2024. The common stock cash dividend will be paid on March 28, 2024.

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, 2024. The Series J Cumulative Redeemable Preferred Stock cash dividend will be paid on March 28, 2024. 

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, 2024. The Series K Cumulative Redeemable Preferred Stock cash dividend will be paid on March 28, 2024. 

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, 2024. The Series L Cumulative Redeemable Preferred Stock cash dividend will be paid on March 28, 2024. 

About Digital Realty 
Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL®, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx®) solution methodology for powering innovation and efficiently managing Data Gravity challenges. Digital Realty gives its customers access to the connected data communities that matter to them with a global data center footprint of 300+ facilities in 50+ metros across 25+ countries on six continents. To learn more about Digital Realty, please visit digitalrealty.com or follow us on LinkedIn and X.

Investor Relations 
Jordan Sadler / Jim Huseby
Investor Relations
Digital Realty
(737) 281-0101 
InvestorRelations@digitalrealty.com 

Safe Harbor Statement 
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to the amount and timing of expected payment of dividends on our common stock and preferred stock. For a list and description of such risks and uncertainties, see the reports and other filings by the company with the U.S. Securities and Exchange Commission. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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SOURCE Digital Realty

What is the cash dividend per share for common stockholders of Digital Realty (DLR) for the first quarter of 2024?

Digital Realty (DLR) has authorized a cash dividend of $1.22 per share for common stockholders for the first quarter of 2024.

When will the cash dividend for common stockholders of Digital Realty (DLR) be paid for the first quarter of 2024?

The cash dividend for common stockholders of Digital Realty (DLR) for the first quarter of 2024 will be paid on March 28, 2024.

What is the cash dividend per share for Digital Realty's (DLR) Series J Cumulative Redeemable Preferred Stock for the first quarter of 2024?

Digital Realty's (DLR) Series J Cumulative Redeemable Preferred Stock will receive a cash dividend of $0.328125 per share for the first quarter of 2024.

When will the cash dividend for Digital Realty's (DLR) Series J Cumulative Redeemable Preferred Stock be paid for the first quarter of 2024?

The cash dividend for Digital Realty's (DLR) Series J Cumulative Redeemable Preferred Stock for the first quarter of 2024 will be paid on March 28, 2024.

What is the cash dividend per share for Digital Realty's (DLR) Series K Cumulative Redeemable Preferred Stock for the first quarter of 2024?

Digital Realty's (DLR) Series K Cumulative Redeemable Preferred Stock will receive a cash dividend of $0.365625 per share for the first quarter of 2024.

When will the cash dividend for Digital Realty's (DLR) Series K Cumulative Redeemable Preferred Stock be paid for the first quarter of 2024?

The cash dividend for Digital Realty's (DLR) Series K Cumulative Redeemable Preferred Stock for the first quarter of 2024 will be paid on March 28, 2024.

What is the cash dividend per share for Digital Realty's (DLR) Series L Cumulative Redeemable Preferred Stock for the first quarter of 2024?

Digital Realty's (DLR) Series L Cumulative Redeemable Preferred Stock will receive a cash dividend of $0.325000 per share for the first quarter of 2024.

When will the cash dividend for Digital Realty's (DLR) Series L Cumulative Redeemable Preferred Stock be paid for the first quarter of 2024?

The cash dividend for Digital Realty's (DLR) Series L Cumulative Redeemable Preferred Stock for the first quarter of 2024 will be paid on March 28, 2024.