X
<

What’s in the Cards for Crown Castle in 2018

PART:
1 2 3 4 5 6 7
Part 5
What’s in the Cards for Crown Castle in 2018 PART 5 OF 7

How Crown Castle Rewards Shareholders

Crown Castle’s dividend policy

In 4Q17, Crown Castle (CCI) announced a dividend of $0.95 per share, bringing its 2017 dividend to $3.89, compared with $3.60 in 2016. It paid a dividend of $3.34 in 2015. Its dividend yield is currently 3.8%, and its three-year dividend growth rate is 27.8%.

The company achieved its long-term annual dividend growth target of 8% in 2017. With high leasing activity and growing demand for data, the company is confident that it will be able to deliver a dividend growth rate of 7%–8% in the years ahead.

How Crown Castle Rewards Shareholders

Interested in SBAC? Don't miss the next report.

Receive e-mail alerts for new research on SBAC

Success! You are now receiving e-mail alerts for new research. A temporary password for your new Market Realist account has been sent to your e-mail address.

Success! has been added to your Ticker Alerts.

Success! has been added to your Ticker Alerts. Subscriptions can be managed in your user profile.

Dividend history

Crown Castle has a dividend history of only three years—it started paying dividends in 2014. Its dividends increased from a quarterly payment of $0.35 in 2014 to $0.95 in 2017, which includes a boost of 7.3% in 2016.

Peer comparison

In 2017, Crown Castle paid $1.5 billion in dividends, making its payout ratio 386.1%. American Tower (AMT), CenturyLink (CTL), and Verizon Communications (VZ) have ratios of 109.6%, 186.2%, and 31.7%, respectively.

Stock performance

Whereas the S&P 500 (SPX) has gained 11.6% in the last year, Crown Castle has gained 26.5%, mainly due to positive fundamentals and strong growth. Crown Castle has a gained 9.2% in the last six months and 6.4% in the last three months, and peers American Tower, CenturyLink, and SBA Communications (SBAC) have returned 4.3%, -22.6%, and -22.6% over the last six months, respectively, and 3.8%, 3.2%, and 8.1% over the last three months. Together, American Tower and Crown Castle make up 14% of the PowerShares Active US Real Estate ETF (PSR).

X

Please select a profession that best describes you: