Equinix Increases Quarterly Dividend on Its Common Stock

Rhea-AI Summary

Equinix, Inc. (NASDAQ: EQIX) declared a $3.41 quarterly cash dividend per share, marking a 10% increase from the previous quarter. This dividend will be distributed on March 22, 2023, to shareholders recorded by March 7, 2023. Equinix continues to provide robust digital infrastructure, facilitating organizations' scalability and global connectivity while supporting sustainability goals. The announcement reinforces shareholder confidence by reflecting the company’s commitment to enhancing shareholder value through consistent dividend growth.

Positive

• 10% increase in quarterly dividend to $3.41 per share enhances shareholder value.
• Strong commitment to digital infrastructure growth supports sustainability and scalability.

Negative

• None.

REDWOOD CITY, Calif., Feb. 15, 2023 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company^TM, today announced that its board of directors has declared a quarterly cash dividend of $3.41 per share on its common stock, a 10% increase over the previous quarter. The quarterly common stock dividend will be paid on March 22, 2023 to shareholders of record on March 7, 2023.

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 COVID-19 pandemic; the current inflationary environment; foreign currency exchange rate 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 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.

 

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SOURCE Equinix, Inc.

FAQ

What is the dividend amount declared by Equinix in February 2023?

Equinix declared a quarterly cash dividend of $3.41 per share.

When will the Equinix dividend be paid?

The dividend will be paid on March 22, 2023.

What is the record date for the Equinix dividend?

The record date for the dividend is March 7, 2023.

How much has the Equinix dividend increased?

The dividend increased by 10% from the previous quarter.