Shares in DigiCo Infrastructure REIT (ASX: DGT) were among the best performers in the S&P/ASX 200 Index (ASX: XJO) on Monday after the company announced a healthy 6-cent dividend.
With the market having a challenging day overall, down 0.79% to 8628.3 by mid-afternoon, the good news about the data centre investor's dividend had it placed well within the top 5 best performers in the ASX 200.
The company, which was listed on December 13 last year, told the ASX in a statement that it would pay a 6-cent per share dividend to shareholders on the register on December 30.
The unfranked dividend would be paid "on or about" 26 February, the company said.
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Strong dividend yield
Taken together with the 10.9 cents per share dividend paid in August, the newly-declared dividend takes the unfranked dividend yield up to 6.84% per share.
DigiCo shares were trading 8 cents higher on the news on Monday at $2.47.
New leader to drive growth
DigiCo also announced just last week that it had named Michael Juniper as Chief Executive Officer.
Mr Juniper, the company said, had more than two decades' experience in digital infrastructure, and was a founding Executive and Deputy Chief Executive Officer at privately held data centre giant AirTrunk.
The company said last week that it had appointed Mr Juniper following him also joing the company's Board in September.
Michael's experience, relationships and track record in this sector make him ideally placed to lead DGT. Under Michael's leadership, DGT will continue the development of next-generation data centre campuses.
Former Chief Executive Officer Chris Maher transitioned to a new Managing Director role in the related company HMC Capital (ASX: HMC) as part of the leadership transition.
Mr Juniper said at the time:
I am honoured to assume the role of Chief Executive Officer of DGT. DGT is uniquely positioned as Australia's sovereign digital infrastructure platform, with strong foundations and a high-quality global portfolio. Demand from cloud, AI and GPU-led workloads is accelerating, and DGT is building a future-ready organisation that is required to support these next-generation requirements.
Outlook strong
Mr Maher told the company's annual general meeting last month that DigiCo was in a strong financial position with "more than $1 billion in potential funding for value-accretive development opportunities''.
On the outlook, he said, following recent customer wins, the company's Australian contracted IT capacity was expected to be 41MW by June next year, which would represent growth of 95% from June 2025 across the Australian business.
Underlying EBITDA for the current financial year is expected to be $120-$125 million.
