Digital Realty Trust, Inc. (DLR) will raise its quarterly dividend by 3.7 percent to $1.12 per share in 2020. This follows 15 years of increased dividends paid by the data center REIT.

The dividend will be paid on March 31, 2020 to shareholders of record on March 17, 2020. A new annualized rate of $4.48 per share yields 3.6% at a stock price of $123.

"Our board of directors has approved a 4% increase in our quarterly common stock cash dividend to $1.12 per share, reflecting confidence in the underlying strength of our business," commented Andrew P. Power, Chief Financial Officer in today's press release explaining the company's dividend hike.  "This marks the 15th consecutive year we have grown our dividend, and we are pleased to be among a select group of REITs to have raised the dividend each and every year since our initial public offering in 2004."

Digital Realty Trust, Inc. is a data center real estate investment trust (REIT). The company owns and operates data centers located throughout North America, Europe, Latin America, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare and consumer products. Digital Realty became a public company in 2004 and has paid a dividend every year since.