SBA Communications Corporation (SBAC) to Issue Quarterly Dividend of $1.25 on June 17th

SBA Communications Corporation (NASDAQ:SBAC) declared a quarterly dividend on Tuesday, April 28th. Stockholders of record on Friday, May 22nd will be paid a dividend of 1.25 per share by the technology company on Wednesday, June 17th. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, May 22nd.

SBA Communications has increased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 6 consecutive years. SBA Communications has a payout ratio of 54.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect SBA Communications to earn $11.32 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 44.2%.

SBA Communications Price Performance

Shares of SBA Communications stock opened at $207.51 on Wednesday. The stock has a market cap of $22.01 billion, a P/E ratio of 21.84, a P/E/G ratio of 2.03 and a beta of 1.03. The stock’s 50 day simple moving average is $201.56 and its 200-day simple moving average is $195.44. SBA Communications has a 1-year low of $162.41 and a 1-year high of $243.16.

SBA Communications (NASDAQ:SBAC) last issued its earnings results on Thursday, February 26th. The technology company reported $3.47 earnings per share for the quarter, topping the consensus estimate of $3.25 by $0.22. The business had revenue of $719.58 million for the quarter, compared to analysts’ expectations of $725.80 million. SBA Communications had a negative return on equity of 20.90% and a net margin of 35.66%.The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.47 EPS. As a group, research analysts expect that SBA Communications will post 11.42 EPS for the current fiscal year.

SBA Communications Company Profile

SBA Communications Corporation (NASDAQ: SBAC) is a real estate investment trust that owns, operates and develops wireless communications infrastructure. Its core business is the leasing of space on communications towers, rooftop sites and other wireless structures to mobile network operators, broadband providers and other wireless service customers. The company also provides site development, construction and ongoing site management services to support the deployment and operation of wireless networks.

In addition to traditional macro towers, SBA offers a range of infrastructure solutions designed for dense urban and suburban markets, including small cells, distributed antenna systems (DAS) and fiber backhaul and transport services.