QTS Declares Fourth Quarter 2020 Common and Preferred Stock Dividends

Rhea-AI Summary

QTS Realty Trust (NYSE: QTS) has declared cash dividends for Q4 2020. The common stock dividend is $0.47 per share, payable on January 7, 2021, to shareholders on record by December 22, 2020.

The Series A Preferred Stock dividend is $0.4453125 per share, payable on January 15, 2021, with record date December 31, 2020. The Series B Convertible Preferred Stock dividend is $1.625 per share, also payable on January 15, 2021.

Positive

• Common stock dividend of $0.47 per share indicates strong cash flow and commitment to shareholders.
• Series A Preferred Stock dividend of $0.4453125 reflects stable income for preferred shareholders.
• Series B Convertible Preferred Stock dividend of $1.625 showcases confidence in financial stability.

Negative

• None.

OVERLAND PARK, Kan., Nov. 5, 2020 /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 fourth quarter of 2020.

Common Stock
QTS' Board of Directors has authorized a cash dividend of $0.47 per share on its common stock for the fourth quarter of 2020. The $0.47 per share dividend is payable on January 7, 2021 to common stockholders of record at the close of business on December 22, 2020.

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 October 15, 2020 and ending on January 14, 2021. The $0.4453125 per share dividend is payable on January 15, 2021 to holders of Series A Preferred Stock of record at the close of business on December 31, 2020, 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 October 15, 2020 and ending on January 14, 2021. The $1.625 per share dividend is payable on January 15, 2021 to holders of Series B Convertible Preferred Stock of record at the close of business on December 31, 2020, 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 within North America and Europe. Through its software-defined technology 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

View original content:http://www.prnewswire.com/news-releases/qts-declares-fourth-quarter-2020-common-and-preferred-stock-dividends-301167167.html

SOURCE QTS Realty Trust, Inc.

FAQ

What is the QTS common stock dividend for the fourth quarter of 2020?

The common stock dividend is $0.47 per share.

When will QTS pay the common stock dividend?

The dividend is payable on January 7, 2021.

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

The record date is December 22, 2020.

What are the dividends for QTS Series A Preferred Stock?

The Series A Preferred Stock dividend is $0.4453125 per share.

When will QTS pay the Series A Preferred Stock dividend?

The Series A Preferred Stock dividend is payable on January 15, 2021.

What are the dividends for QTS Series B Convertible Preferred Stock?

The Series B Convertible Preferred Stock dividend is $1.625 per share.

When will QTS pay the Series B Convertible Preferred Stock dividend?

The Series B Convertible Preferred Stock dividend is payable on January 15, 2021.