REDWOOD CITY, Calif., July 29, 2020 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced that its board of directors has declared a quarterly cash dividend of $2.66 per share on its common stock. Each of the company logos represented herein are trademarks of Verizon Media; Microsoft Corporation; Nasdaq, Inc.; Dow Jones & Company; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc.Revenues from the three geographic regions increased on a year-over-year basis as well. EQIX's dividend yield, history, payout ratio, proprietary DARS™ rating & much more! These Jaw-Dropping Facts Will Change Your Mind About the Internet of Things Scott Levine | Apr 30, 2020 The quarterly common stock dividend will be paid on September 23, 2020, to shareholders of record on August 19, 2020. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.Equinix has increased its dividend by an average of 40.6% annually over the last three years and has increased its dividend every year for the last 4 years.
Revenues from the Americas, EMEA and the Asia Pacific jumped 3%, 8% and 10% to $661.4 million, $488.1 million and $320.6 million, respectively.However, stiff competition and ongoing consolidation in the telecommunication industry might bring down lucrative expansion opportunities for the company over the long term.Equinix’s recurring revenue model and current expansion plans are encouraging. Nonetheless, $2 million in integration costs hurt AFFO and adjusted EBITDA.NYSE and AMEX data is at least 20 minutes delayed. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.
Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. Total operating expenses were up 13.5% year over year to $448.3 million.For 32 years, our Strong Buy list has averaged returns more than twice the market. Further, AFFO per share is estimated to be $23.87-$24.67, up from $23.62-$24.66 stated earlier. Edward Jones initiated coverage on shares of Equinix in a research report on Tuesday, July 14th. Credit Suisse Group lifted their price objective on shares of Equinix from $704.00 to $782.00 and gave the stock an “outperform” rating in a research report on Thursday. This represents a $10.64 annualized dividend and a yield of 1.38%. Equinix had a return on equity of 5.80% and a net margin of 9.00%. Morgan Stanley lifted their price objective on shares of Equinix from $584.00 to $670.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 3rd. These returns cover a period from January 1, 1988 through July 6, 2020. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.33% per year. NASDAQ data is at least 15 minutes delayed.Concurrent with its second-quarter 2020 earnings release, on Jul 29, Equinix’s board of directors approved a quarterly cash dividend of $2.66 per share. During the same quarter in the previous year, the firm posted $1.69 earnings per share.