Switch Inc. (SWCH) will hike its dividend by 100.0 percent to $0.0294 per share in 2019. The data center company initiated a dividend in 2017.

The dividend will be payable on April 4, 2019 to all stockholders of record as of the close of business on March 25, 2019. A new annual rate of 11.76 cents yields 1.2% at a stock price of $9.95.

Switch, the technology infrastructure corporation headquartered in Las Vegas, Nevada is built on the intelligent and sustainable growth of the internet. Switch founder and CEO Rob Roy has developed more than 600 issued and pending patent claims covering data center designs that have manifested into the company's world-renowned data centers and technology solution ecosystems. The Switch Primes located in Las Vegas and Tahoe-Reno, Nevada; Grand Rapids, Michigan; and Atlanta, Georgia are the world's highest-rated hyperscale data center campus ecosystems with low latency to major U.S. markets.