Equinix Declares Quarterly Dividend on Its Common Stock

Rhea-AI Summary

Equinix (Nasdaq: EQIX) has declared a quarterly cash dividend of $2.87 per share on its common stock. This dividend will be paid on March 17, 2021, to shareholders on record as of February 24, 2021. This announcement reinforces Equinix’s commitment to returning value to its shareholders while continuing to support its digital infrastructure services, which empower businesses to scale and interconnect their foundational systems.

Positive

• Quarterly cash dividend of $2.87 per share enhances shareholder value.
• Dividend payment reflects the company's commitment to returning value to shareholders.

Negative

• Risks related to competition and integration of acquired companies may affect future performance.
• Potential challenges in generating sufficient cash flow to meet obligations.

REDWOOD CITY, Calif., Feb. 10, 2021 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company, today announced that its board of directors has declared a quarterly cash dividend of $2.87 per share on its common stock. The quarterly common stock dividend will be paid on March 17, 2021, to shareholders of record on February 24, 2021.

About Equinix
Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage. With Equinix, they can scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value.

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 announced by Equinix (EQIX)?

Equinix has declared a quarterly cash dividend of $2.87 per share.

When will the dividend be paid to shareholders of Equinix (EQIX)?

The dividend will be paid on March 17, 2021.

Who will receive the dividend from Equinix (EQIX)?

Shareholders on record as of February 24, 2021, will receive the dividend.

What are the risks associated with Equinix (EQIX) mentioned in the press release?

The risks include competition, integration of acquired companies, and challenges in generating sufficient cash flow.

Is the dividend from Equinix (EQIX) sustainable?

The press release does not provide specific information about the sustainability of the dividend.