Crown Castle Declares Quarterly Common Stock Dividend

Rhea-AI Summary

Crown Castle International Corp. (NYSE: CCI) announced a quarterly cash dividend of $1.33 per common share. This dividend will be payable on December 31, 2020, to stockholders of record by the close of business on December 15, 2020. The Board of Directors will approve any future dividends. Crown Castle owns over 40,000 cell towers and 80,000 route miles of fiber infrastructure, enhancing connectivity across major U.S. markets.

Positive

• Quarterly cash dividend of $1.33 per share boosts income for shareholders.
• Strong operational footprint with over 40,000 cell towers and 80,000 miles of fiber enhances market position.

Negative

• None.

HOUSTON, Oct. 22, 2020 (GLOBE NEWSWIRE) -- Crown Castle International Corp. (NYSE: CCI) ("Crown Castle") announced today that its Board of Directors has declared a quarterly cash dividend of $1.33 per common share. The quarterly dividend will be payable on December 31, 2020 to common stockholders of record at the close of business on December 15, 2020. 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 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, VP & Treasurer
Crown Castle International Corp.
713-570-3050

FAQ

What is the dividend amount for Crown Castle in 2020?

Crown Castle declared a quarterly cash dividend of $1.33 per common share.

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

The dividend will be payable on December 31, 2020.

Who will receive the dividend from Crown Castle?

Common stockholders of record at the close of business on December 15, 2020, will receive the dividend.

Are future dividends guaranteed for Crown Castle?

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