|[December 06, 2013]
CoreSite Realty Corporation Announces 30% Increase in Fourth-Quarter 2013 Common Stock Dividend to $0.35 Per Share
DENVER --(Business Wire)--
CoreSite (News - Alert) Realty Corporation (NYSE:COR), a provider of network-dense,
cloud-enabled data center products and services, today announced that
its Board of Directors declared a cash dividend of $0.35 per share on
common stock and common stock equivalents for the fourth quarter of
2013. This increase represents a $0.08, or 30%, increase from the
previous quarterly dividend rate of $0.27 per share. The increased
dividend reflects an annualized dividend rate of $1.40 per share,
compared to the prior annualized dividend rate of $1.08 per share.
The fourth-quarter common stock dividend will be paid on January 15,
2014, to shareholders of record on December 31, 2013.
CoreSite's Chief Executive Officer, Tom Ray (News - Alert), stated, "We are pleased to
announce a 30% increase in our quarterly dividend rate, which reflects
continued successful execution of our business plan. We remain committed
to generating superior shareholder returns, and this announcement marks
the third dividend increase since our initial public offering in
Coreite's Board of Directors also declared a cash dividend of $0.4531
per share of Series A Cumulative Redeemable Preferred Stock. The
preferred share dividend will be paid on January 15, 2014, to
shareholders of record on December 31, 2013.
CoreSite Realty Corporation (News - Alert) (NYSE: COR) delivers secure, reliable,
high-availability data center products and services across eight key
North American markets. CoreSite connects, protects and ensures the
optimal performance and continued operation of mission-critical data and
IT infrastructure for enterprises and Internet, private networking,
mobility, and cloud service providers. CoreSite's scalable platform of
over 2.5 million square feet of efficient, network-dense, cloud-enabled
data center capacity empowers customers to accelerate business
performance, reduce operating costs and increase flexibility across
their IT and communications systems. CoreSite's 350 professionals
deliver best-in-class service by placing customer needs first in
supporting the planning, implementation and operating requirements
necessary to ensure reliable, secure and efficient IT environments.
More than 750 of the world's leading enterprises, carriers and mobile
operators, content and cloud providers and media and entertainment
companies choose CoreSite to connect, protect and optimize their
performance-sensitive data, applications and computing workloads.
CoreSite provides direct access to more than 275 carriers and ISPs,
inter-site connectivity and CoreSite's Open Cloud Exchange, which
supports rapid, efficient and scalable Ethernet access to multiple key
public clouds, enabling simple, flexible, multi-cloud capabilities. For
more information, visit www.CoreSite.com.
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