Crown Castle Declares Quarterly Common Stock Dividend

Rhea-AI Summary

Crown Castle announced a quarterly cash dividend of $1.565 per common share, payable on March 31, 2023. Stockholders of record as of March 15, 2023 will receive this dividend, demonstrating the company's commitment to returning value to its investors. Future dividends will depend on Board approval. Crown Castle operates over 40,000 cell towers and approximately 85,000 route miles of fiber, providing essential infrastructure that connects communities with data and wireless services.

AI-generated analysis. Not financial advice.

Positive

• Quarterly cash dividend of $1.565 per share enhances shareholder return.
• Strong operational infrastructure with over 40,000 cell towers and 85,000 route miles of fiber supports future growth.

Negative

• None.

News Market Reaction – CCI

-1.14%

1 alert

-1.14% News Effect

On the day this news was published, CCI declined 1.14%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

HOUSTON, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") announced today that its Board of Directors has declared a quarterly cash dividend of $1.565 per common share. The quarterly dividend will be payable on March 31, 2023 to common stockholders of record at the close of business on March 15, 2023. 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 85,000 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 Inc.
713-570-3050

FAQ

What is the dividend amount declared by Crown Castle?

Crown Castle has declared a quarterly cash dividend of $1.565 per common share.

When is the dividend payment date for Crown Castle?

The dividend will be payable on March 31, 2023.

Who qualifies for the dividend payment from Crown Castle?

Stockholders of record at the close of business on March 15, 2023, will qualify for the dividend payment.

Are future dividends guaranteed for Crown Castle?

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