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

Crown Castle Inc. (NYSE:CCI) declared a quarterly dividend on Wednesday, November 5th. Investors 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 yield of 4.7%. The ex-dividend date is Monday, December 15th.

Crown Castle has raised its dividend by an average of 0.1%annually over the last three years. Crown Castle has a dividend 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. Research 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 0.6%

CCI stock opened at $89.81 on Thursday. The company’s 50-day moving average price is $95.42 and its two-hundred day moving average price is $100.23. The firm has a market cap of $39.11 billion, a P/E ratio of -8.45, a P/E/G ratio of 0.68 and a beta of 0.94. Crown Castle has a 12 month low of $84.20 and a 12 month high of $115.76.

Crown Castle (NYSE:CCI) last issued its earnings results on Wednesday, October 22nd. The real estate investment trust reported $1.12 EPS for the quarter, beating the consensus estimate of $1.04 by $0.08. The company had revenue of $1.06 billion during 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 previous year, the company earned $1.84 EPS. Crown Castle has set its FY 2025 guidance at 4.230-4.350 EPS. Equities analysts predict 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.