EX-Dividend Schedule: Equinix Has an Annualized Dividend Payout of $9.12 Per Share; Will Trade Ex-Dividend on February 23, 2018

LONDON, UK / ACCESSWIRE / February 22, 2018 / Active-Investors has a free review on Equinix, Inc. (NASDAQ: EQIX) following the Company's announcement that it will begin trading ex-dividend on February 23, 2018. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on February 22, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on EQIX:

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Dividend Declared

On February 14, 2018, Equinix announced that its Board of Directors has declared a quarterly cash dividend of $2.28 per share on its common stock. The quarterly common stock dividend will be paid on March 21, 2018, to shareholders of record on February 26, 2018.

Equinix's indicated dividend represents a yield of 2.26%, which is substantially higher than the average dividend yield of 1.24% for the Technology sector.The Company has raised dividend for two years in a row.

Dividend Insights

Equinix has a dividend payout ratio of 48.7%, which indicates that the Company distributes approximately $0.49 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Equinix is forecasted to report earnings of $7.69 per share for the next year compared to the Company's annualized dividend of $9.12 per share. One of the primary reasons for the difference between earnings and annualized dividend is that Equinix is a Real Estate Investment Trust (REIT) which is structured by law to distribute at least 90% of earnings. Moreover, since REITs generate income from owning portfolios of investment real estate, they are likely to have higher depreciation charges.

Since depreciation is a non-cash charge, it does not directly impact the ability of dividend the companies can distribute. For this reason, Fund from Operations (FFO) is calculated by adding depreciation and amortization to earnings and subtracting any gains on sales which then provides a better picture of any company's profitability and capacity to pay and to sustain dividends. For instance, for the three months ended December 31, 2017, Equinix reported net income of $65.22 million, or $0.82 per diluted share, compared to $61.75 million, or $0.86 per diluted share, for Q4 2016.

On the other hand, the Company reported adjusted FFO of $381.53 million, or $4.82 per diluted share, for Q4 2017 compared to $293.79 million, or $4.08 per diluted share, for Q4 2016. Equinix's FFO number indicates that the Company should be able to comfortably cover its dividend payout.

Recent Development for Equinix

On February 14, 2018, Equinix announced it has entered into a definitive agreement to acquire the Infomart Dallas, including its operations and tenants, from ASB Real Estate Investments, in an $800 million debt and cash transaction.

The Infomart is one of the largest interconnection hubs in the US and is currently home to four of eight Equinix Dallas International Business Exchange™ (IBX®) data centers, which combined, support approximately 3,500 built out cabinets. As a result of this transaction, Equinix will increase the number of its owned assets by four, increasing recurring revenue from owned assets to more than 45%. The transaction is expected to close by mid-2018, subject to the satisfaction of customary closing conditions.

About Equinix, Inc.

Equinix connects the world's leading businesses to their customers, employees, and partners inside the most-interconnected data centers. In 48 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT, and cloud strategies.

Stock Performance Snapshot

February 21, 2018 - At Wednesday's closing bell, Equinix's stock declined 2.91%, ending the trading session at $384.92.

Volume traded for the day: 1.19 million shares.

After yesterday's close, Equinix's market cap was at $30.41 billion.

Price to Earnings (P/E) ratio was at 128.48.

The stock has a dividend yield of 2.37%.

The stock is part of the Technology sector, categorized under the Internet Software & Services industry.

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