CoreSite Realty Corp. increased its fourth-quarter dividend 8.9% compared to the previous quarter and 22.5% compared to the dividend set in December 2016.
The company announced a dividend of 98 cents per common stock and common stock equivalents for the fourth quarter, compared to the previous quarterly dividend of 90 cents per share that was established in May. The dividend reflects an 18-cent increase compared to that declared in December 2016.
The annualized dividend now translates to $3.92 per share, up from the previous annualized dividend rate of $3.60 per share.
The fourth-quarter dividend will be paid Jan. 16, 2018, to shareholders on record as of Dec. 29.