Five data centre stocks offering up dividends

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 33 sec. here
  • 14 min. at publisher
  • 📊 Quality Score:
  • News: 58%
  • Publisher: 92%

Noapplenews News

Chartoftheday,Sustainability,Data

We are looking for data centres that offer sustainable dividends

Private equity giant Blackstone Inc., along with the Canada Pension Plan Investment Board, is now acquiring Australia’s data centre group AirTrunk for about US$16.1-billion. AirTrunk is the largest data centre group in the Asia-Pacific region, with sites in Australia, Japan, Malaysia, Hong Kong and Singapore.

large-scale and costly assets, which create high barriers to entry for newer players, and so protect the market share of existing operators. Our search started with dividend-paying Canadian and U.S. data centre firms well-positioned to maintain steady or rising returns. From there, we applied our TSI Dividend Sustainability Rating System, awarding points to a stock based on key factors:two points if it has raised the payment in the past five years;one point for operating in non-cyclical industries;two points for a strong balance sheet, including manageable debt and adequate cash;one point if the company’s an industry leader.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines