CoreSite Realty (COR) will raise its quarterly dividend by 5.1 percent to $1.03 per share  in the second quarter of 2018. The new dividend yield is 3.9%.

The second-quarter common stock dividend will be paid on July 16, 2018, to shareholders of record on June 29, 2018. The dividend has been raised for 8 consecutive years now by the REIT.

"We are pleased to be able to raise our quarterly dividend by 5%, reflecting solid operating performance and cash flow generation,” said Jeff Finnin, Chief Financial Officer. “We remain confident in our ability to create value for our shareholders, while continuing to invest in our business for future growth.”

CoreSite Realty Corporation is a Real Estate Investment Trust (REIT) engaged in the business of ownership, acquisition, construction and operation of data centers across a range of markets in the United States, including the Northern Virginia, New York and San Francisco Bay areas, Chicago, Los Angeles, Boston, Miami and Denver.