Digital Realty Trust, Inc. (NYSE:DLR – Get Free Report) declared a quarterly dividend on Tuesday, May 12th. Shareholders of record on Monday, June 15th will be given a dividend of 1.22 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, June 15th.
Digital Realty Trust has increased its dividend by an average of 0.0%annually over the last three years. Digital Realty Trust has a payout ratio of 305.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Digital Realty Trust to earn $8.69 per share next year, which means the company should continue to be able to cover its $4.88 annual dividend with an expected future payout ratio of 56.2%.
Digital Realty Trust Stock Down 1.1%
DLR stock opened at $193.06 on Thursday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.78. The business has a 50 day moving average price of $187.26 and a two-hundred day moving average price of $171.95. The company has a market cap of $67.84 billion, a price-to-earnings ratio of 50.94, a P/E/G ratio of 5.30 and a beta of 1.06. Digital Realty Trust has a twelve month low of $146.23 and a twelve month high of $208.14.
About Digital Realty Trust
Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.
Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.
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