Equinix (EQIX) Targets 9%-12% Dividend Growth through 2029

Equinix (EQIX) has reported a 50% AFFO payout ratio and an 11-year growth streak. For September 2026, EQIX paid $5.16 per share, reflecting a 10% increase in dividends. In contrast, Digital Realty Trust (DLR) has maintained a quarterly dividend of $1.22 since March 2022, with Core FFO per share growing from $1.77 to $2.04. DLR's FY2026 Core FFO per share is guided at $8.00 to $8.10, indicating a payout ratio in the low 60s, compared to EQIX's target dividend growth expectations. This differentiation in dividend growth and payout coverage is important for investors evaluating yield and growth potential in the REIT sector.