QTS Announces Second Quarter Common Stock Dividend of $0.50 Per Share and Declares Preferred Stock Dividends

Rhea-AI Summary

QTS Realty Trust (NYSE: QTS) has announced quarterly cash dividends for Q2 2021. A cash dividend of $0.50 per share on common stock is scheduled for July 7, 2021, with a record date of June 18, 2021. For the Series A Preferred Stock, the dividend is $0.4453125 per share, payable on July 15, 2021, with a record date of June 30, 2021. The Series B Convertible Preferred Stock will receive a dividend of $1.625 per share, also payable on July 15, 2021, with a record date of June 30, 2021.

Positive

• Common stock dividend of $0.50 shows financial strength.
• Preferred stock dividends reflect commitment to shareholder returns.

Negative

• None.

OVERLAND PARK, Kan., May 6, 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 second 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 second quarter of 2021. The $0.50 per share dividend is payable on July 7, 2021 to common stockholders of record at the close of business on June 18, 2021.

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 April 15, 2021 and ending on July 14, 2021. The $0.4453125 per share dividend is payable on July 15, 2021 to holders of Series A Preferred Stock of record at the close of business on June 30, 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 April 15, 2021 and ending on July 14, 2021. The $1.625 per share dividend is payable on July 15, 2021 to holders of Series B Convertible Preferred Stock of record at the close of business on June 30, 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 Q2 2021?

The dividend amount for QTS common stock in Q2 2021 is $0.50 per share.

When is the QTS common stock dividend payable?

The QTS common stock dividend is payable on July 7, 2021.

What is the record date for the QTS common stock dividend?

The record date for the QTS common stock dividend is June 18, 2021.

What are the QTS preferred stock dividends for Q2 2021?

The Series A Preferred Stock dividend is $0.4453125 per share and the Series B Convertible Preferred Stock dividend is $1.625 per share.

When are the preferred stock dividends for QTS payable?

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