SBA Communications Corporation (NASDAQ:SBAC) Shares Set to Pay Quarterly Dividend of $1.25

Posted by Brian Himes on Nov 3rd, 2026

SBA Communications Corporation (NASDAQ:SBAC – Get Free Report) declared a quarterly dividend on Monday, November 2nd. Stockholders of record on Thursday, November 12th will be given a dividend of $1.25 per share by the technology company on Thursday, December 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, November 12th.

SBA Communications has increased its dividend by an average of 0.2% per year over the last three years and has increased its dividend annually for the last 6 consecutive years. SBA Communications has a payout ratio of 54.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect SBA Communications to earn $11.63 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 43.0%.

SBA Communications Price Performance

Shares of SBAC opened at $184.86 on Tuesday. The company has a market capitalization of $19.61 billion, a P/E ratio of 19.92, a PEG ratio of 1.85 and a beta of 0.97. SBA Communications has a one year low of $156.60 and a one year high of $224.46. The business’s 50 day simple moving average is $179.46 and its 200-day simple moving average is $190.01.

SBA Communications (NASDAQ:SBAC – Get Free Report) last released its quarterly earnings results on Monday, November 2nd. The technology company reported $3.19 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $1.10. SBA Communications had a negative return on equity of 20.67% and a net margin of 34.51%. The business had revenue of $713.92 million for the quarter, compared to analyst estimates of $724.07 million. During the same period in the prior year, the company earned $3.30 EPS. SBA Communications’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, sell-side analysts anticipate that SBA Communications will post 11.40 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on SBAC shares. Weiss Ratings upgraded SBA Communications from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 15th. Raymond James Financial restated an “outperform” rating and issued a $271.00 target price on shares of SBA Communications in a research note on Monday, October 5th. Wells Fargo & Company raised SBA Communications from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $220.00 to $210.00 in a report on Friday, July 17th. Morgan Stanley reduced their price target on shares of SBA Communications from $215.00 to $205.00 and set an “equal weight” rating on the stock in a research report on Monday, September 21st. Finally, Barclays decreased their price objective on shares of SBA Communications from $208.00 to $207.00 and set an “overweight” rating on the stock in a report on Wednesday, September 30th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $226.53.

Check Out Our Latest Research Report on SBA Communications

About SBA Communications

(Get Free Report)

SBA Communications Corporation is a real estate investment trust that owns and operates wireless communications infrastructure. The company’s portfolio primarily consists of wireless communications towers and related sites that support cellular, wireless broadband, and other communications equipment.

SBA Communications leases antenna space on its towers to wireless service providers, government agencies, and other communications companies. It also provides site development services, including zoning, permitting, construction, and project management, as well as tower construction and acquisition services in selected markets.

Founded in 1989 and headquartered in Boca Raton, Florida, SBA Communications serves customers across the United States and in parts of Central and South America.