DigitalBridge Reinstates Quarterly Dividend

Rhea-AI Summary

DigitalBridge Group (NYSE: DBRG) has reinstated its quarterly cash dividend at $0.01 per share, payable on October 17, 2022 to shareholders of record by September 30, 2022. CEO Marc Ganzi emphasized that this move reflects the company's strengthened cash flow profile and improved long-term earnings potential, while also enhancing total shareholder returns. DigitalBridge manages a substantial $48 billion portfolio of digital infrastructure assets, underscoring its commitment to growth alongside returning value to shareholders.

Positive

• Reinstatement of quarterly dividend at $0.01 per share.
• Enhanced cash flow profile and long-term earnings potential.
• Commitment to increasing total shareholder returns.

Negative

• None.

BOCA RATON, Fla.--(BUSINESS WIRE)-- DigitalBridge Group, Inc. (“DigitalBridge” or the “Company”) (NYSE: DBRG) today announced that its Board of Directors has reinstated the Company’s quarterly dividend, declaring a cash dividend of $0.01 per share. The dividend will be payable on October 17, 2022 to shareholders of record at the close of business on September 30, 2022.

“We are pleased to follow through on another commitment to our shareholders and reinstate our quarterly cash dividend,” said Marc Ganzi, CEO of DigitalBridge. “Successful execution against our strategic objectives has strengthened DigitalBridge’s cash flow profile and significantly improved our long-term earnings potential. While management continues to prioritize reinvesting capital in the company’s growth-focused strategy, the addition of a dividend enhances total shareholder return.”

About DigitalBridge

DigitalBridge (NYSE: DBRG) is a leading global digital infrastructure firm. With a heritage of over 25 years investing in and operating businesses across the digital ecosystem including cell towers, data centers, fiber, small cells, and edge infrastructure, the DigitalBridge team manages a $48 billion portfolio of digital infrastructure assets on behalf of its limited partners and shareholders. Headquartered in Boca Raton, DigitalBridge has key offices in New York, Los Angeles, London, and Singapore. For more information, visit: www.digitalbridge.com.

Cautionary Statement Regarding Forward-Looking Statements

This release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond our control, and may cause actual results to differ significantly from those expressed in any forward-looking statement. Factors that might cause such a difference include those detailed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2022 and June 30, 2022, and its other reports filed from time to time with the U.S. Securities and Exchange Commission (“SEC”). All forward-looking statements reflect the Company’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. The Company cautions investors not to unduly rely on any forward-looking statements. The forward-looking statements speak only as of the date of this current report. The Company is under no duty to update any of these forward-looking statements after the date of this release, nor to conform prior statements to actual results or revised expectations, and the Company does not intend to do so.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220914005608/en/

Investors:

Severin White

Managing Director, Head of Public Investor Relations

(212) 547-2777

severin.white@digitalbridge.com

Media:

Joele Frank, Wilkinson Brimmer Katcher

Jon Keehner / Aura Reinhard

(212) 355-4449

dbrg-jf@joelefrank.com

Source: DigitalBridge Group, Inc.

FAQ

What is the dividend amount declared by DigitalBridge Group (DBRG)?

DigitalBridge Group has declared a cash dividend of $0.01 per share.

When will DigitalBridge Group's dividend be paid?

The dividend will be payable on October 17, 2022.

What is the record date for DigitalBridge Group's dividend?

The record date for the dividend is September 30, 2022.

How does the dividend affect DigitalBridge Group's total shareholder return?

The reinstatement of the dividend enhances DigitalBridge Group's total shareholder return.

What is DigitalBridge Group's portfolio value?

DigitalBridge Group manages a portfolio valued at $48 billion.