Crown Castle Inc. (NYSE:CCI) Plans Quarterly Dividend of $1.06

Crown Castle Inc. (NYSE:CCI) declared a quarterly dividend on Wednesday, May 20th. Stockholders of record on Monday, June 15th will be given a dividend of 1.0625 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Monday, June 15th.

Crown Castle has decreased its dividend by an average of 0.0%per year over the last three years. Crown Castle has a payout ratio of 151.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Crown Castle to earn $4.76 per share next year, which means the company should continue to be able to cover its $4.25 annual dividend with an expected future payout ratio of 89.3%.

Crown Castle Trading Up 0.3%

Crown Castle stock opened at $92.64 on Thursday. Crown Castle has a 12 month low of $75.96 and a 12 month high of $115.76. The stock’s 50 day moving average is $86.09 and its 200-day moving average is $87.59. The company has a market capitalization of $40.43 billion, a price-to-earnings ratio of 38.28, a PEG ratio of 0.47 and a beta of 0.93.

Crown Castle (NYSE:CCI) last posted its earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, beating the consensus estimate of $0.47 by $0.55. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $995.42 million. During the same quarter in the prior year, the business earned $1.10 earnings per share. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, equities research analysts predict that Crown Castle will post 4.22 earnings per share for the current fiscal year.

Crown Castle Company Profile

Crown Castle is a U.S.-focused communications infrastructure company organized as a real estate investment trust (REIT) that owns, operates and leases shared wireless infrastructure. Its primary business consists of providing tower-based site leases, small cell networks and fiber solutions that support mobile voice and data transmission for wireless carriers, cable companies and other enterprise customers. The company’s assets are positioned to enable network coverage and capacity, including the densification projects associated with 4G LTE and 5G deployments.

Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.