Equinix Increases Quarterly Dividend on Its Common Stock for 10th Consecutive Year Since REIT Conversion
Rhea-AI Summary
Equinix (EQIX) has announced a 10% increase in its quarterly cash dividend to $4.69 per share on common stock, marking its 10th consecutive year of dividend increases since its REIT conversion. The dividend will be paid on March 19, 2025, to shareholders of record as of February 26, 2025.
As the world's digital infrastructure company, Equinix provides a trusted platform for digital leaders to interconnect foundational infrastructure at software speed, enabling organizations to scale with agility and speed up digital services deployment while supporting sustainability goals.
Positive
- 10% increase in quarterly dividend to $4.69 per share
- 10th consecutive year of dividend increases since REIT conversion
- Demonstrates consistent shareholder return policy
- Strong financial position enabling continued dividend growth
Negative
- Exposure to inflationary pressures
- Foreign currency exchange rate risks
- Increasing power procurement costs
- Competitive market pressures
News Market Reaction 1 Alert
On the day this news was published, EQIX declined 1.30%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
About Equinix
Equinix (Nasdaq: EQIX) is the world's digital infrastructure company®. Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, risks to our business and operating results related to the current inflationary environment; foreign currency exchange rate fluctuations; stock price fluctuations; increased costs to procure power and the general volatility in the global energy market; the challenges of acquiring, operating and constructing IBX® and xScale® data centers and developing, deploying and delivering Equinix products and solutions; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenues from customers in recently built out or acquired data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; risks related to our taxation as a REIT; risks related to regulatory inquiries or litigation and other risks described from time to time in Equinix filings with the Securities and Exchange Commission. In particular, see recent and upcoming Equinix quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.
View original content to download multimedia:https://www.prnewswire.com/news-releases/equinix-increases-quarterly-dividend-on-its-common-stock-for-10th-consecutive-year-since-reit-conversion-302375078.html
SOURCE Equinix, Inc.
FAQ
What is Equinix's (EQIX) new quarterly dividend amount for 2025?
When will EQIX pay its latest quarterly dividend in 2025?
How many consecutive years has EQIX increased its dividend since REIT conversion?
What is the percentage increase in EQIX's quarterly dividend for 2025?
What are the main risks facing EQIX's dividend sustainability?
