Crown Castle Inc. (CCI) To Go Ex-Dividend on September 15th

Crown Castle Inc. (NYSE:CCI) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Tuesday, September 15th will be given a dividend of 1.0625 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Tuesday, September 15th.

Crown Castle has decreased its dividend payment by an average of 0.0%annually 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. Research analysts expect Crown Castle to earn $4.68 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 90.8%.

Crown Castle Stock Performance

Shares of Crown Castle stock opened at $75.70 on Friday. Crown Castle has a one year low of $69.72 and a one year high of $100.50. The company has a market cap of $32.21 billion, a price-to-earnings ratio of 38.43, a PEG ratio of 0.68 and a beta of 0.95. The business’s 50 day moving average price is $76.13 and its 200 day moving average price is $83.02.

Crown Castle (NYSE:CCI) last issued its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.17). Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $995.05 million. During the same quarter in the previous year, the company earned $0.67 earnings per share. The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. On average, analysts predict that Crown Castle will post 4.38 EPS for the current fiscal year.

About Crown Castle

Crown Castle Inc (NYSE: CCI) is a communications infrastructure company that owns, operates and leases shared wireless infrastructure in the United States. Its assets support wireless carriers, broadcasters, government agencies and other communications providers by enabling the transmission of voice, data and video services.

The company’s primary infrastructure includes cell towers and other tower sites that host antennas and related equipment. Crown Castle has also developed and operated fiber networks and small-cell systems, which help wireless providers expand network capacity and coverage in densely populated areas and along high-traffic corridors.

Founded in 1994 and headquartered in Houston, Texas, Crown Castle has historically served customers across major U.S.