SBA Communications Corporation (NASDAQ:SBAC – Get Free Report) declared a quarterly dividend on Sunday, November 1st. Stockholders of record on Thursday, November 12th will be given a dividend of $1.25 per share by the technology company on Thursday, December 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Thursday, November 12th.
SBA Communications has raised its dividend payment by an average of 0.2% per year over the last three years and has raised its dividend every year for the last 6 years. SBA Communications has a dividend payout ratio of 54.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect SBA Communications to earn $11.46 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 43.6%.
SBA Communications Trading Up 0.5%
SBAC opened at $190.35 on Tuesday. The firm has a 50-day moving average price of $179.79 and a two-hundred day moving average price of $190.02. SBA Communications has a 1-year low of $156.60 and a 1-year high of $224.46. The stock has a market capitalization of $20.19 billion, a PE ratio of 20.53, a PEG ratio of 1.96 and a beta of 0.97.
SBA Communications (NASDAQ:SBAC – Get Free Report) last announced its quarterly earnings data on Monday, November 2nd. The technology company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.10. The firm had revenue of $713.92 million for the quarter, compared to analyst estimates of $724.07 million. SBA Communications had a negative return on equity of 20.67% and a net margin of 34.54%. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the company earned $3.30 EPS. On average, research analysts predict that SBA Communications will post 11.45 EPS for the current year.
SBA Communications Company Profile
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