Crown Castle Declares Quarterly Common Stock Dividend

Rhea-AI Summary

Crown Castle announced a quarterly cash dividend of $1.565 per common share, payable on December 30, 2022, to shareholders of record by the close of business on December 15, 2022. Future dividends will require approval from the Board of Directors. The company operates over 40,000 cell towers and approximately 85,000 miles of fiber, providing essential infrastructure for wireless communications across major U.S. markets.

Positive

• Quarterly cash dividend of $1.565 per share announced.
• Strong operational portfolio with over 40,000 cell towers.
• Extensive fiber network of approximately 85,000 route miles.

Negative

• None.

HOUSTON, Oct. 20, 2022 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") announced today that its Board of Directors has declared a quarterly cash dividend of $1.565 per common share. The quarterly dividend will be payable on December 30, 2022 to common stockholders of record at the close of business on December 15, 2022. Future dividends are subject to the approval of Crown Castle’s Board of Directors.

ABOUT CROWN CASTLE

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 85,000 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. For more information on Crown Castle, please visit www.crowncastle.com.

CONTACTS
Dan Schlanger, CFO
Ben Lowe, SVP & Treasurer
Crown Castle Inc.
713-570-3050

FAQ

What is the dividend amount announced by Crown Castle in October 2022?

Crown Castle announced a quarterly cash dividend of $1.565 per common share.

When will the dividend be paid to shareholders?

The dividend will be payable on December 30, 2022.

What is the record date for Crown Castle's dividend payment?

The record date for the dividend payment is December 15, 2022.

Are future dividends guaranteed for Crown Castle shareholders?

Future dividends are subject to the approval of Crown Castle's Board of Directors.