Crown Castle Declares Quarterly Common Stock Dividend

Rhea-AI Summary

Crown Castle International Corp. (NYSE: CCI) announced a quarterly cash dividend of $1.47 per common share, payable on June 30, 2022, to stockholders on record by June 15, 2022. The dividend is subject to future approval by the Board of Directors. Crown Castle owns and operates over 40,000 cell towers and 80,000 miles of fiber across the U.S., providing essential data and wireless services to cities and communities.

Positive

• Quarterly cash dividend of $1.47 per share boosts income for shareholders.
• Strong operational presence with over 40,000 cell towers enhances market position.

Negative

• None.

HOUSTON, May 10, 2022 (GLOBE NEWSWIRE) -- Crown Castle International Corp. (NYSE: CCI) ("Crown Castle") announced today that its Board of Directors has declared a quarterly cash dividend of $1.47 per common share. The quarterly dividend will be payable on June 30, 2022 to common stockholders of record at the close of business on June 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 more than 80,000 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 International Corp.
713-570-3050

FAQ

What is the dividend amount declared by Crown Castle for June 2022?

Crown Castle declared a quarterly cash dividend of $1.47 per common share.

When is the payment date for Crown Castle's dividend?

The dividend will be payable on June 30, 2022.

Who is eligible to receive the dividend from Crown Castle?

Common stockholders on record as of June 15, 2022, are eligible to receive the dividend.

Is Crown Castle's dividend payment sustainable?

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