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

Crown Castle Inc. (NYSE:CCI) declared a quarterly dividend on Wednesday, May 20th. Shareholders of record on Monday, June 15th will be given a dividend of 1.0625 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Monday, June 15th.

Crown Castle has decreased its dividend payment by an average of 0.0%per year 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. Equities analysts expect Crown Castle to earn $4.76 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 89.3%.

Crown Castle Price Performance

Crown Castle stock opened at $92.10 on Friday. The company has a market cap of $40.20 billion, a PE ratio of 38.06, a P/E/G ratio of 0.47 and a beta of 0.93. The company has a fifty day moving average price of $86.16 and a two-hundred day moving average price of $87.60. Crown Castle has a 12 month low of $75.96 and a 12 month high of $115.76.

Crown Castle (NYSE:CCI) last released its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.55. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.42 million. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The firm’s revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.10 earnings per share. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Equities research analysts anticipate that Crown Castle will post 4.22 earnings per share for the current year.

Key Stories Impacting Crown Castle

Here are the key news stories impacting Crown Castle this week:

• Positive Sentiment: Crown Castle appointed Kris Hinson as Executive Vice President and Chief Commercial Officer and Mark Lennon as Senior Vice President and Chief Information Officer, moves that support its transition to a pure-play U.S. tower company and may improve customer strategy, digital capabilities, and information security. Article Title
• Positive Sentiment: The board declared a quarterly dividend of $1.0625 per share, reinforcing Crown Castle’s income appeal for investors. Article Title
• Positive Sentiment: Management is advancing its fiber-sale and debt-reduction plan, with proceeds expected to be used for about $1 billion of share repurchases and roughly $7 billion of debt paydown, which could strengthen the balance sheet over time. Article Title
• Neutral Sentiment: The company’s latest quarterly results showed better-than-expected EPS and revenue, but revenue still declined year over year, leaving investors focused on whether the turnaround can sustain itself.
• Negative Sentiment: Wolfe Research downgraded Crown Castle Inc. (NYSE: CCI) from Outperform to Peer Perform, citing weaker long-term growth prospects, including pressure tied to DISH lease payment defaults and higher interest rates. Article Title

Crown Castle Company Profile

Crown Castle is a U.S.-focused communications infrastructure company organized as a real estate investment trust (REIT) that owns, operates and leases shared wireless infrastructure. Its primary business consists of providing tower-based site leases, small cell networks and fiber solutions that support mobile voice and data transmission for wireless carriers, cable companies and other enterprise customers. The company’s assets are positioned to enable network coverage and capacity, including the densification projects associated with 4G LTE and 5G deployments.

Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.