OVERLAND PARK, Kan., Feb. 22, 2016 /PRNewswire/ -- QTS Realty Trust, Inc. (NYSE: QTS), an international provider of data center, managed hosting and cloud services, announced today that its Board of Directors has authorized a cash dividend of $0.36 per share on its common stock for the first quarter of 2016. The $0.36 per share dividend is payable on April 5, 2016 to common stockholders of record at the close of business on March 18, 2016. The $0.36 per share dividend rate represents a 12.5% increase over the 2015 quarterly per share dividend rate of $0.32 per share.
"Our dividend payment remains a key element of our overall return to stockholders and is a reflection of our consistent growth profile and commitment to return on invested capital," said Bill Schafer, Chief Financial Officer – QTS. "The 2016 dividend rate is estimated to approximate QTS' 2016 REIT taxable income."
About QTS QTS Realty Trust, Inc. (NYSE: QTS) is a leading provider of secure, compliant data center solutions, hybrid cloud and fully managed services. QTS' integrated technology service platform of custom data center (C1), colocation (C2) and cloud and managed services (C3) provides flexible, scalable, secure IT solutions for web and IT applications. QTS' Critical Facilities Management (CFM) provides increased efficiency and greater performance for third-party data center owners and operators. QTS owns, operates or manages 24 data centers and supports more than 1,000 customers in North America, Europe and Asia Pacific. For more information, 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@example.com
Investor Relations Contact: Stephen Douglas, VP Investor Relations and Strategic Planning QTS firstname.lastname@example.org
SOURCE QTS Realty Trust, Inc.