Equinix Declares Quarterly Dividend on Its Common Stock

Rhea-AI Summary

Equinix, Inc. (Nasdaq: EQIX) has declared a quarterly cash dividend of $2.66 per share on its common stock. This dividend will be paid on September 23, 2020, to shareholders of record as of August 19, 2020. Equinix connects over 55 markets globally, providing businesses with interconnection services within its data centers.

Positive

• Quarterly cash dividend of $2.66 per share declared.
• Dividend payment date is September 23, 2020, increasing shareholder income.

Negative

• Potential risks associated with acquiring and operating data centers may impact future performance.
• Competition from existing and new players could affect revenues.

REDWOOD CITY, Calif., July 29, 2020 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced that its board of directors has declared a quarterly cash dividend of $2.66 per share on its common stock. The quarterly common stock dividend will be paid on September 23, 2020, to shareholders of record on August 19, 2020.

About Equinix

Equinix, Inc. (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. On this global platform for digital business, companies come together across more than 55 markets on five continents to reach everywhere, interconnect everyone and integrate everything they need to create their digital futures. Equinix.com.

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, the challenges of acquiring, operating and constructing IBX 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; and other risks described from time to time in Equinix filings with the Securities and Exchange Commission. In particular, see recent 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.

 

 

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SOURCE Equinix, Inc.

FAQ

What is the dividend amount declared by EQIX?

Equinix has declared a quarterly cash dividend of $2.66 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on September 23, 2020.

What is the record date for EQIX's dividend payment?

The record date for the dividend payment is August 19, 2020.

What are the potential risks mentioned in EQIX's press release?

Risks include challenges in acquiring and operating data centers and competition from other companies.