OVERLAND PARK, Kan., Feb. 23, 2015 /PRNewswire/ -- QTS Realty Trust, Inc. (NYSE:QTS), one of the nation's largest and fastest-growing providers of data center facilities and cloud services, announced today that its Board of Directors has authorized a cash dividend of $0.32 per share on its common stock for the first quarter of 2015. The $0.32 per share dividend is payable on April 7, 2015 to common stockholders of record at the close of business on March 20, 2015. The $0.32 per share dividend rate represents a 10.3% increase over the 2014 quarterly per share dividend rate of $0.29 per share.
"This dividend payment is a reflection of our strong performance, continued growth and differentiated business model," said Bill Schafer, Chief Financial Officer – QTS. "The 2015 dividend rate is estimated to approximate QTS' 2015 REIT taxable income in order to maximize retained capital."
About QTS
QTS Realty Trust, Inc. (NYSE: QTS) is a leading national provider of data center solutions and fully managed services and a leader in security and compliance. The company offers a complete, unique portfolio of core data center products, including custom data center (C1), colocation (C2) and cloud and managed services (C3), providing the flexibility, scale and security needed to support the rapidly evolving hybrid infrastructure demands of web and IT applications. With 12 data centers in eight states, QTS owns, operates and manages approximately 4.7 million square feet of secure, state-of-the-art data center infrastructure and supports more than 850 customers. QTS' Critical Facility Management (CFM) can provide increased efficiency and greater performance for third-party data center owners and operators. For more information about QTS, please visit www.qtsdatacenters.com, call toll-free 877.QTS.DATA or follow us on Twitter @DataCenters_QTS.
Media Contact:
Marlena Reed
communications 21 for QTS
404.814.1330
[email protected]
Investor Relations Contact:
Jeff Berson, Chief Investment Officer
QTS
[email protected]
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SOURCE QTS Realty Trust, Inc.
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