Digital Realty Trust (DLR) Announces Dividend of $1.22

Digital Realty Trust, a leading provider of data center and colocation solutions, announced on February 28, 2024, that its board of directors has declared a regular quarterly dividend of $1.22 per share ($4.88 annualized). This marks a consistent dividend payout compared to the previous quarter. Shareholders must purchase shares before the ex-dividend date of March 14, 2024, to qualify for the dividend, with payments scheduled for March 28, 2024.

With the current share price at $153.71, the stock’s dividend yield stands at 3.17%. Looking back over the past five years, the average dividend yield has been 3.60%, with a low of 2.65% and a high of 5.44%. The company’s dividend payout ratio is 1.61, indicating a healthy balance between dividend payments and retained earnings for growth.

In terms of fund sentiment, there are 1871 funds or institutions reporting positions in Digital Realty Trust, with a slight increase in ownership in the last quarter. The average portfolio weight dedicated to DLR is 0.63%, with a decrease in total shares owned by institutions. The put/call ratio of DLR is 2.39, suggesting a bearish outlook among investors.

Analyst price forecasts indicate a 6.19% downside from the current price, with an average one-year price target of $144.20. Despite this, the company’s projected annual revenue is expected to increase by 0.86%, demonstrating continued growth potential. With a 3-Year dividend growth rate of 0.05%, Digital Realty Trust remains committed to increasing shareholder value over time.