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CyrusOne raises $296M in Q4'17 through ATM program

CyrusOne Inc. raised $296 million from the sale of 4.8 million shares of its common stock through its at-the-market equity program, at an average price of $62.09 per share, in the 2017 fourth quarter.

The company declared a dividend of 46 cents per share of common stock for the first quarter, a 10% increase from the 2017 quarterly dividend. The dividend will be paid April 13 to stockholders as of March 29.

CyrusOne also appointed Howard Garfield as senior vice president and chief accounting officer, effective Feb. 26.

Garfield replaces Amitabh Rai, who will retire, but remain as an employee of the CyrusOne through May 1 to allow for an orderly transition.