Equinix As of October 10, 2023 ticker dps (an.) 2024 hike 2023 hike 2022 hike
EQIX $13.64 10.0% 8.0% 7.9%
Business yield Hike yrs 5 yr CAGR freq. paid since
Data Center REIT 1.8% 8 8.4% Quarter 2014

Equinix (EQIX) will pay a special cash dividend to its shareholders. The special distribution of $416 million by Equinix (EQIX) translates into an estimated amount of $7.57 per share.

Equinix pays the special dividend in connection with the company's announced plan to convert to a real estate investment trust (REIT). The company doesn't pay a regular quarterly dividend.

Equinix, Inc. is a data center REIT, connecting companies directly to their customers and partners across its interconnected data center and interconnection platform. The company's customers include enterprises, cloud and IT services providers, media and content companies, financial services firms, IoT and big data providers, and network and mobile services providers. The company has operations in the Americas, Asia-Pacific, and Europe, the Middle East and Africa. Equinix became a public company in 2000.