Crown Castle Declares Quarterly Preferred Stock Dividend
Crown Castle International Corp. (NYSE: CCI) announced a quarterly dividend of $17.1875 per share on its 6.875% Mandatory Convertible Preferred Stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
Details
News Market Reaction – CCI
The recorded move for CCI in the trading session of this news was +1.62%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HOUSTON, June 24, 2020 (GLOBE NEWSWIRE) -- Crown Castle International Corp. (NYSE: CCI) (“Crown Castle”) announced today that the quarterly dividend on its
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
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