SBA Communications Corporation (SBAC) To Go Ex-Dividend on August 20th

SBA Communications Corporation (NASDAQ:SBAC) declared a quarterly dividend on Sunday, August 2nd. Stockholders of record on Thursday, August 20th will be paid a dividend of 1.25 per share by the technology company on Thursday, September 17th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Thursday, August 20th.

SBA Communications has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 6 years. SBA Communications has a dividend payout ratio of 54.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect SBA Communications to earn $11.61 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 43.1%.

SBA Communications Stock Down 1.7%

Shares of SBAC opened at $182.11 on Tuesday. The company has a market capitalization of $19.32 billion, a P/E ratio of 19.62, a price-to-earnings-growth ratio of 1.85 and a beta of 0.99. The firm has a 50 day moving average of $185.10 and a 200 day moving average of $194.27. SBA Communications has a twelve month low of $162.41 and a twelve month high of $225.33.

SBA Communications (NASDAQ:SBAC) last announced its quarterly earnings data on Monday, August 3rd. The technology company reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.02. SBA Communications had a net margin of 34.51% and a negative return on equity of 20.67%. The company had revenue of $715.27 million during the quarter, compared to analyst estimates of $706.01 million. During the same period in the previous year, the business earned $3.17 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, sell-side analysts expect that SBA Communications will post 11.41 EPS for the current 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.