Crown Castle Inc. (CCI) to Issue Quarterly Dividend of $1.06 on December 31st

Crown Castle Inc. (NYSE:CCI) declared a quarterly dividend on Wednesday, November 5th. Stockholders of record on Monday, December 15th will be given a dividend of 1.0625 per share by the real estate investment trust on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Monday, December 15th.

Crown Castle has raised its dividend payment by an average of 0.1%annually over the last three years. Crown Castle has a payout ratio of 151.2% indicating that 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 $6.58 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 64.6%.

Crown Castle Stock Down 2.3%

Shares of NYSE CCI opened at $87.76 on Friday. The company has a market cap of $38.21 billion, a P/E ratio of -8.26, a P/E/G ratio of 0.68 and a beta of 0.94. Crown Castle has a 52 week low of $84.20 and a 52 week high of $115.76. The business has a 50-day simple moving average of $95.22 and a two-hundred day simple moving average of $100.14.

Crown Castle (NYSE:CCI) last posted its earnings results on Wednesday, October 22nd. The real estate investment trust reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.08. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Crown Castle had a negative net margin of 95.37% and a negative return on equity of 619.62%. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.84 EPS. Crown Castle has set its FY 2025 guidance at 4.230-4.350 EPS. Equities research analysts anticipate that Crown Castle will post 6.67 EPS for the current year.

About Crown Castle

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them.