5 Double-Digit Dividend Increases Coming In February


QTS Realty Trust Inc. (NYSE: QTS) is a small cap ($1.8 billion value) data center REIT that came to market with an October 2013 IPO. The company’s first dividend increase came last year after its first full calendar year of business. The quarterly payout grew by 10.3%. The company is growing rapidly, with reported 2015 third quarter adjusted FFO up 63%. However, it is also issuing shares to pay for the growth and the Q3 share count was up 39% from a year earlier. On a per share price basis, cash flow increased by 24% year-over-year using third quarter results. Without a longer track record, it’s difficult to predict the size of the next dividend increase. At least 10% seems to be probable. The new dividend rate should be declared in late February with an early April payment and around March 20 record date. QTS yields 2.9%.


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