QTS Announces 6.4% Increase in Common Stock Dividend to $0.50 Per Share and Declares Preferred Stock Dividends

Rhea-AI Summary

QTS Realty Trust (NYSE: QTS) announced a quarterly cash dividend of $0.50 per share for common stock, marking a 6.4% increase from the previous year. This dividend is payable on April 6, 2021, to shareholders on record by March 19, 2021. Additionally, dividends for preferred stocks include $0.4453125 for Series A and $1.625 for Series B, both payable on April 15, 2021. These announcements underscore QTS's commitment to returning value to shareholders amidst its ongoing data center operations.

Positive

• Common stock dividend increased by 6.4% to $0.50 per share.
• Continued dividend payments for preferred stocks, indicating financial stability.

Negative

• None.

OVERLAND PARK, Kan., Feb. 3, 2021 /PRNewswire/ -- QTS Realty Trust, Inc. (NYSE: QTS), a leading provider of software-defined and mega scale data center solutions, announced today that its Board of Directors has authorized quarterly cash dividends for common and preferred stock for the first quarter of 2021.

Common Stock
QTS' Board of Directors has authorized a cash dividend of $0.50 per share on its common stock for the first quarter of 2021. The $0.50 per share dividend is payable on April 6, 2021 to common stockholders of record at the close of business on March 19, 2021. The $0.50 per share dividend rate represents an increase of 6.4% over the 2020 quarterly per share dividend rate of $0.47 per share.

Series A Preferred Stock
QTS' Board of Directors has authorized a cash dividend of $0.4453125 per share on its 7.125% Series A Cumulative Redeemable Perpetual Preferred Stock (the "Series A Preferred Stock") for the period from and including January 15, 2021 and ending on April 14, 2021. The $0.4453125 per share dividend is payable on April 15, 2021 to holders of Series A Preferred Stock of record at the close of business on March 31, 2021, which is equivalent to $1.78125 per annum per share.

Series B Convertible Preferred Stock
QTS' Board of Directors has authorized a cash dividend of $1.625 per share on its 6.50% Series B Cumulative Convertible Perpetual Preferred Stock (the "Series B Convertible Preferred Stock") for the period from and including January 15, 2021 and ending on April 14, 2021. The $1.625 per share dividend is payable on April 15, 2021 to holders of Series B Convertible Preferred Stock of record at the close of business on March 31, 2021, which is equivalent to $6.50 per annum per share.

About QTS

QTS Realty Trust, Inc. (NYSE: QTS) is a leading provider of data center solutions across a diverse footprint spanning more than 7 million square feet of owned mega scale data center space throughout North America and Europe. Through its software-defined data center platform, QTS is able to deliver secure, compliant infrastructure solutions, robust connectivity and premium customer service to leading hyperscale technology companies, enterprises, and government entities. Visit QTS at www.qtsdatacenters.com, call toll-free 877.QTS.DATA or follow on Twitter @DataCenters_QTS.

Investor Relations Contact:
Stephen Douglas – EVP Finance
ir@qtsdatacenters.com

Media Contact:
Carter B. Cromley
(703) 861-8245
carter.cromley@qtsdatacenters.com

 

 

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SOURCE QTS Realty Trust, Inc.

FAQ

What is the dividend amount for QTS common stock in Q1 2021?

The common stock dividend for Q1 2021 is $0.50 per share.

When is the payment date for the QTS common stock dividend?

The payment date for the QTS common stock dividend is April 6, 2021.

What are the preferred stock dividends declared by QTS?

QTS declared a dividend of $0.4453125 for Series A and $1.625 for Series B preferred stock.

When are the preferred stock dividends payable by QTS?

The preferred stock dividends are payable on April 15, 2021.

How does the 2021 dividend compare to 2020 for QTS?

The 2021 common stock dividend of $0.50 represents a 6.4% increase from the 2020 rate of $0.47.