CyrusOne Inc (CONE) will raise its quarterly dividend by another 2.0 percent in 2021. This follows an 2.0 percent dividend hike to $0.51 per share in 2020 and marks the 8th consecutive year of dividend increases by the data center REIT.

The increased dividend of $0.52 per share will be paid on October 8, 2021 to stockholders of record at the close of business on September 24, 2021. A new annual dividend rate of $2.08 per share yields 2.8% at a stock price of $74.21.

CyrusOne Inc. is a real estate investment trust. The company owns, operates, and develops enterprise-class, carrier-neutral and multi-tenant data center properties. The company's data centers are generally purpose-built facilities with redundant power and cooling. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites. CONE has data centers in the United States, London and Singapore and has paid a dividend to shareholders every year since 2013.