DuPont Fabros Technology, Inc. Announces 40% Increase In First Quarter 2014 Dividend To $0.35 Per Common Share
WASHINGTON, Jan. 29, 2014 /PRNewswire/ -- DuPont Fabros Technology, Inc. (NYSE: DFT) announced today that the Company's Board of Directors declared a cash dividend of $0.35 per common share for the first quarter of 2014. The increase is $0.10 per common share, or 40 percent, over the previous quarter's dividend, and will be paid on April 15, 2014, to all shareholders of record as of the close of business on April 4, 2014.
"Our quarterly dividend has nearly tripled from the $0.12 per share amount it was two years ago and has increased 75% versus one year ago," said Hossein Fateh, President and Chief Executive Officer of DuPont Fabros Technology, Inc. "The continued strength of DFT's leasing and operating results allows the dividend to increase as we maintain our policy of distributing 100 percent of taxable income."
About DuPont Fabros Technology, Inc.
DuPont Fabros Technology, Inc. (NYSE: DFT) is a leading owner, developer, operator and manager of enterprise-class, carrier-neutral, large multi-tenanted wholesale data centers. The Company's facilities are designed to offer highly specialized, efficient and safe computing environments in a low-cost operating model. The Company's customers outsource their mission critical applications and include national and international enterprises across numerous industries, such as technology, Internet content providers, media, communications, cloud-based, healthcare and financial services. The Company's ten data centers are located in four major U.S. markets, which total 2.5 million gross square feet and 218 megawatts of available critical load to power the servers and computing equipment of its customers. DuPont Fabros Technology, Inc., a real estate investment trust (REIT) is headquartered in Washington, DC. For more information, please visit www.dft.com.
SOURCE DuPont Fabros Technology, Inc.