Crown Castle Declares Quarterly Common Stock Dividend

Rhea-AI Summary

Crown Castle International Corp. (NYSE: CCI) has declared a quarterly cash dividend of $1.47 per common share, payable on March 31, 2022, to stockholders of record by the close of business on March 15, 2022. Future dividends will depend on the approval of the Board of Directors. Crown Castle operates over 40,000 cell towers and 80,000 miles of fiber infrastructure, providing essential communication services across major U.S. markets.

Positive

• Quarterly cash dividend of $1.47 per share.
• Dividend reflects company confidence in ongoing performance.
• Significant portfolio of 40,000+ cell towers supports revenue.

Negative

• None.

HOUSTON, Feb. 08, 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 March 31, 2022 to common stockholders of record at the close of business on March 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?

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

When is the dividend payment date for Crown Castle?

The dividend will be payable on March 31, 2022.

Who are the stockholders eligible for the dividend?

Common stockholders of record at the close of business on March 15, 2022, will be eligible.

Is the dividend payment sustainable for Crown Castle?

Future dividends are subject to the approval of Crown Castle’s Board of Directors, indicating they assess sustainability.