SBA Communications Corporation (NASDAQ:SBAC) Shares Set to Pay Quarterly Dividend of $1.25

Key Points

• SBA Communications declared a quarterly dividend of $1.25 per share, payable December 10 to shareholders of record on November 12. The annualized dividend is $5.00 per share, yielding approximately 2.7%.
• The company has increased its dividend for six consecutive years, with a current payout ratio of 54.2%. Analysts expect earnings to cover the dividend comfortably, projecting a future payout ratio of 43.0%.
• SBA reported quarterly EPS of $3.19, beating consensus estimates of $2.09, while revenue fell 2.5% year over year to $713.92 million and missed estimates.

SBA Communications Corporation (NASDAQ:SBAC - Get Free Report) announced a quarterly dividend on Monday, November 2nd. Stockholders of record on Thursday, November 12th will be paid a dividend of $1.25 per share by the technology company on Thursday, December 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Thursday, November 12th.

SBA Communications has increased its dividend payment by an average of 0.2% per year over the last three years and has raised its dividend annually for the last 6 consecutive years. SBA Communications has a dividend payout ratio of 54.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect SBA Communications to earn $11.63 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 43.0%.

SBA Communications Price Performance

Shares of SBAC stock opened at $184.86 on Tuesday. The company has a market capitalization of $19.61 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 1.85 and a beta of 1.00. SBA Communications has a one year low of $156.60 and a one year high of $224.46. The company's fifty day moving average price is $179.46 and its 200-day moving average price is $190.01.

SBA Communications (NASDAQ:SBAC - Get Free Report) last issued its earnings results on Monday, November 2nd. The technology company reported $3.19 earnings per share for the quarter, topping the consensus estimate of $2.09 by $1.10. SBA Communications had a net margin of 34.51% and a negative return on equity of 20.67%. The company had revenue of $713.92 million during the quarter, compared to the consensus estimate of $724.07 million. During the same quarter in the prior year, the firm posted $3.30 EPS. SBA Communications's quarterly revenue was down 2.5% compared to the same quarter last year. Equities research analysts expect that SBA Communications will post 11.40 earnings per share for the current fiscal year.

SBA Communications Company Profile

SBA Communications Corporation is a real estate investment trust that owns and operates wireless communications infrastructure. The company's portfolio primarily consists of wireless communications towers and related sites that support cellular, wireless broadband, and other communications equipment.

SBA Communications leases antenna space on its towers to wireless service providers, government agencies, and other communications companies. It also provides site development services, including zoning, permitting, construction, and project management, as well as tower construction and acquisition services in selected markets.

Founded in 1989 and headquartered in Boca Raton, Florida, SBA Communications serves customers across the United States and in parts of Central and South America.

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