Friday, March 5, 2021

Dividend Increase #32 of 2021 - Digital Realty Trust, Inc. (DLR)



Thursday, February 25th the Board of Directors of Digital Realty Trust, Inc. (DLR) announced a quarterly dividend increase of from $ 1.12 to $ 1.16 per share that’s payable March 31, 2021 to holders of record March 15, 2021. This represents a 3.57% increase over the last quarterly dividend.


"Our board of directors has approved a 4% increase in our quarterly common stock cash dividend to $1.16 per share, reflecting confidence in the underlying strength of our business as well as the strength of the recurring cash flows that support a steadily growing and well covered dividend, while retaining capital to fund future growth opportunities," commented Andrew P. Power, Chief Financial Officer.  "This marks the 16th 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 $ 129.00 (today's open), this raise brings their dividend yield to 3.60%.


Digital Realty is a Dividend Contenders with a 16 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 4.5, 6.1, 5.5 and 8.6 (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 was in line with my expectations and I will be happy to take it.


This is the eight dividend increase I've received from Digital Realty since initiating a position in November 2013. During that period, the quarterly dividend has grown sufficiently from $ 0.78 to $ 1.16, or 48.7 percent.


This increase raises my YOC to 9.72%.



Summary of 2021 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!


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