Friday, February 28, 2020

Dividend Increase – Digital Realty Trust, Inc. (DLR)



Yesterday, February 27 the Board of Directors of Digital Realty Trust, Inc. announced a quarterly dividend increase of from $ 1.08 to $ 1.12 per share that’s payable March 31, 2020 to holders of record March 17, 2020. This represents a 3.70% increase to the last quarter dividend. 

"Our board of directors has approved a 4% increase in our quarterly common stock cash dividend to $1.12 per share, reflecting confidence in the underlying strength of our business," commented Andrew P. Power, Chief Financial Officer.  "This marks the 15th consecutive year we have grown our dividend, and we are pleased to be among a select group of REITs to have raised the dividend each and every year since our initial public offering in 2004."

With current price $ 129.22 (Thursday's open), this raise brings their dividend yield to 3.47%.


DLR is a Dividend Contenders with a 15 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 7.3, 6.5, 5.1 and 12.2. (Dividend Champions.xls)





Since I own 120 shares of DLR, this will increase my portfolio's projected annual net dividend income by $ 14.30.

This increase raises my YOC to 9.39%.


Summary of 2020 Dividend Increases / Cuts







Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long DLR

Thanks for stopping by!

1 comment:

  1. Yli 9% osinko alkaa olemaan jo ihan jees :D keep up the good work Haukka!

    ReplyDelete

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