Equinix, Inc. (EQIX) to Distribute Quarterly Dividend of $4.26 on June 19th

Equinix, Inc. (NASDAQ:EQIX) announced a quarterly dividend on Wednesday, May 8th, RTT News reports. Investors of record on Wednesday, May 22nd will be given a dividend of 4.26 per share by the financial services provider on Wednesday, June 19th. This represents a $17.04 dividend on an annualized basis and a yield of 2.21%.

Equinix has increased its dividend payment by an average of 10.8% per year over the last three years and has increased its dividend every year for the last 8 years.

Equinix Stock Up 11.5 %

EQIX stock opened at $772.43 on Friday. Equinix has a twelve month low of $672.88 and a twelve month high of $914.93. The company has a market cap of $73.09 billion, a PE ratio of 74.92, a price-to-earnings-growth ratio of 1.81 and a beta of 0.62. The business’s 50-day simple moving average is $796.48 and its 200 day simple moving average is $801.33. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.19.

Insider Buying and Selling at Equinix

In other Equinix news, Chairman Camp Peter Van sold 122 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $831.12, for a total transaction of $101,396.64. Following the completion of the sale, the chairman now owns 7,968 shares in the company, valued at approximately $6,622,364.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Keith D. Taylor sold 1,164 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $832.98, for a total value of $969,588.72. Following the completion of the sale, the chief financial officer now owns 23,187 shares in the company, valued at approximately $19,314,307.26. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Camp Peter Van sold 122 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $831.12, for a total transaction of $101,396.64. Following the completion of the sale, the chairman now owns 7,968 shares of the company’s stock, valued at approximately $6,622,364.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,585 shares of company stock worth $3,818,268. Insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

EQIX has been the topic of a number of recent research reports. Morgan Stanley decreased their price objective on Equinix from $767.00 to $762.00 and set an “equal weight” rating on the stock in a report on Thursday, March 28th. Truist Financial lifted their price objective on Equinix from $915.00 to $950.00 and gave the company a “buy” rating in a report on Monday, March 18th. Barclays decreased their price objective on Equinix from $818.00 to $669.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 17th. BMO Capital Markets lifted their price objective on Equinix from $910.00 to $925.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Finally, Wells Fargo & Company lifted their price objective on Equinix from $800.00 to $825.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $870.44.

Equinix Company Profile

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.