Equinix, Inc. (EQIX) To Go Ex-Dividend on May 20th

Equinix, Inc. (NASDAQ:EQIXGet Free Report) announced a quarterly dividend on Wednesday, April 29th. Shareholders of record on Wednesday, May 20th will be paid a dividend of 5.16 per share by the financial services provider on Wednesday, June 17th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, May 20th.

Equinix has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 10 years. Equinix has a dividend payout ratio of 130.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Equinix to earn $41.09 per share next year, which means the company should continue to be able to cover its $20.64 annual dividend with an expected future payout ratio of 50.2%.

Equinix Stock Performance

NASDAQ:EQIX opened at $1,059.44 on Monday. Equinix has a 52-week low of $710.52 and a 52-week high of $1,128.68. The company has a market cap of $104.48 billion, a price-to-earnings ratio of 73.32, a PEG ratio of 1.99 and a beta of 1.01. The firm’s 50-day moving average is $1,026.42 and its 200-day moving average is $887.54. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18.

Equinix (NASDAQ:EQIXGet Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, beating the consensus estimate of $4.30 by $6.49. The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Equities research analysts anticipate that Equinix will post 37.72 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Jonathan Lin sold 635 shares of Equinix stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $965.71, for a total transaction of $613,225.85. Following the completion of the sale, the insider directly owned 10,788 shares of the company’s stock, valued at $10,418,079.48. The trade was a 5.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Raouf Abdel sold 584 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $965.69, for a total value of $563,962.96. Following the completion of the transaction, the executive vice president directly owned 7,768 shares in the company, valued at $7,501,479.92. The trade was a 6.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,604 shares of company stock valued at $11,848,264 over the last three months. 0.27% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Ameriflex Group Inc. increased its stake in Equinix by 433.3% in the third quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 26 shares in the last quarter. Avion Wealth increased its stake in Equinix by 73.3% during the 1st quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 11 shares in the last quarter. Kemnay Advisory Services Inc. bought a new position in Equinix in the fourth quarter valued at approximately $30,000. Princeton Global Asset Management LLC lifted its position in Equinix by 200.0% in the 4th quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 28 shares in the last quarter. Finally, Physician Wealth Advisors Inc. boosted its position in shares of Equinix by 266.7% during the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock worth $32,000 after buying an additional 24 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

About Equinix

(Get Free Report)

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.

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Dividend History for Equinix (NASDAQ:EQIX)

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