Equinix, Inc. (EQIX) Plans Quarterly Dividend of $2.00

Equinix, Inc. (NASDAQ:EQIX) declared a quarterly dividend on Thursday, August 3rd, Wall Street Journal reports. Stockholders of record on Wednesday, August 23rd will be given a dividend of 2.00 per share by the financial services provider on Wednesday, September 20th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Monday, August 21st.

Equinix (NASDAQ:EQIX) traded down 0.25% on Friday, hitting $438.39. 327,544 shares of the stock were exchanged. Equinix has a 12 month low of $314.55 and a 12 month high of $459.00.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $4.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.41 by $1.18. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.03 billion. Equinix had a net margin of 5.18% and a return on equity of 5.51%. On average, analysts anticipate that Equinix will post $3.94 EPS for the current year.

EQIX has been the topic of a number of recent research reports. Canaccord Genuity reaffirmed a “buy” rating and set a $465.00 price target on shares of Equinix in a research note on Thursday, April 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $497.00 price target (up previously from $485.00) on shares of Equinix in a research note on Thursday, August 3rd. BidaskClub raised shares of Equinix from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Morgan Stanley reaffirmed an “equal weight” rating and set a $409.00 price target (up previously from $374.00) on shares of Equinix in a research note on Wednesday, May 17th. Finally, FBN Securities upped their price target on shares of Equinix from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Monday, May 1st. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $464.78.

In related news, Director Camp Peter Van sold 4,444 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $445.81, for a total value of $1,981,179.64. Following the transaction, the director now owns 8,572 shares of the company’s stock, valued at approximately $3,821,483.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen M. Smith sold 5,348 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $432.60, for a total transaction of $2,313,544.80. Following the completion of the transaction, the chief executive officer now directly owns 18,967 shares in the company, valued at approximately $8,205,124.20. The disclosure for this sale can be found here. Insiders sold a total of 22,143 shares of company stock worth $9,703,456 in the last ninety days. 0.58% of the stock is currently owned by insiders.

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About Equinix

Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.

Dividend History for Equinix (NASDAQ:EQIX)

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