Crown Castle Declares Quarterly Preferred Stock Dividend

Rhea-AI Summary

Crown Castle International Corp. (NYSE: CCI) announced a quarterly dividend of $17.1875 per share on its 6.875% Mandatory Convertible Preferred Stock. This dividend will be paid in cash on August 3, 2020, to holders of record as of July 15, 2020. The company owns and operates over 40,000 cell towers and 80,000 route miles of fiber across major U.S. markets, supporting vital communication infrastructure. This payment reflects Crown Castle's ongoing commitment to returning value to shareholders amidst a growing demand for data and wireless services.

Positive

• Quarterly dividend of $17.1875 per share enhances shareholder income.
• Strong portfolio of over 40,000 cell towers supports sustainable growth.

Negative

• None.

HOUSTON, June 24, 2020 (GLOBE NEWSWIRE) -- Crown Castle International Corp. (NYSE: CCI) (“Crown Castle”) announced today that the quarterly dividend on its 6.875% Mandatory Convertible Preferred Stock (“Preferred Stock”) will be paid on Monday, August 3, 2020 to holders of record on July 15, 2020. The dividend will be paid in cash at a rate of $17.1875 per share of Preferred Stock.

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 (CCI) in August 2020?

The dividend amount for Crown Castle (CCI) is $17.1875 per share.

When will Crown Castle (CCI) pay its next dividend?

Crown Castle (CCI) will pay its next dividend on August 3, 2020.

Who is eligible for the Crown Castle (CCI) dividend payment?

Holders of record on July 15, 2020, are eligible for the dividend payment.

How often does Crown Castle (CCI) pay dividends?

Crown Castle (CCI) typically pays dividends quarterly.