Crown Castle Stock Price, News & Analysis

Crown Castle International Corp. (NYSE: CCI) announced a quarterly cash dividend of $1.47 per common share, payable on June 30, 2022, to stockholders on record by June 15, 2022. The dividend is subject to future approval by the Board of Directors. Crown Castle owns and operates over 40,000 cell towers and 80,000 miles of fiber across the U.S., providing essential data and wireless services to cities and communities.

Crown Castle International Corp. (NYSE: CCI) reported strong first-quarter results for 2022, with site rental revenues of $1.576 billion, a 15% increase year-over-year. Income from continuing operations rose to $421 million, a 248% increase, while Adjusted EBITDA reached $1.095 billion, a 22% growth. The company also raised its full-year outlook, forecasting site rental revenues of $6.265 billion and a 9% AFFO per share growth. Crown Castle paid $650 million in dividends, reflecting an 11% increase per share compared to the previous year, showcasing its solid financial position amidst a strong 5G rollout.

Crown Castle International Corp. (NYSE: CCI) will announce its first-quarter 2022 results on April 20, 2022, after market close. A conference call will follow on April 21, 2022, at 10:30 a.m. ET, accessible by phone or online. This call provides investors with insights into Crown Castle's operational performance and future outlook. As of now, the company operates over 40,000 cell towers and 80,000 miles of fiber in the U.S., facilitating critical communications infrastructure nationwide.

Crown Castle has priced its public offering of $750 million in 2.900% Senior Notes due 2027, issued at 99.758% of face value to yield 2.952%. The net proceeds, estimated at $741 million, will be used to repay part of its commercial paper program debt. The offering is managed by BofA Securities and other leading financial entities. The press release also includes cautionary statements about forward-looking risks that could affect actual results.

Crown Castle International Corp. (NYSE: CCI) announced a public offering of senior notes, pending market conditions. The proceeds will be used to repay a portion of its outstanding commercial paper debt and related fees. The offering will be conducted under an effective shelf registration with the SEC. Joint book-running managers for this offering include BofA Securities, Deutsche Bank Securities, and others. The company emphasizes that this announcement does not constitute an offer to buy or sell securities in states where it would be unlawful.

Crown Castle International Corp. (NYSE: CCI) announced that its CFO, Dan Schlanger, will present at the Morgan Stanley 2022 Technology, Media & Telecom Conference on March 8, 2022, at 6:35 p.m. Eastern Time. The presentation is expected to last around 30 minutes and will be available via live audio webcast on Crown Castle's website. The company operates over 40,000 cell towers and 80,000 miles of fiber, providing essential wireless communication services across the U.S.

Keysight Technologies (NYSE: KEYS) announced the appointment of Kevin Stephens as a director, effective March 1, 2022. The decision was made by the Board of Directors on February 16, 2022. With extensive leadership experience in the communications industry, including roles at Altice USA and Suddlenlink Communications, Stephens is expected to contribute significantly to Keysight's strategic direction. His prior experience includes senior positions at notable companies like Cox Communications and Xerox Corporation.

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.

Crown Castle International Corp. (NYSE: CCI) provided year-end tax reporting information for its 2021 distributions. The details include various cash distributions per share, including ordinary taxable dividends and non-taxable distributions. Stockholders are advised to consult tax advisors for specific treatment. No long-term capital gains or unrecaptured Section 1250 gain were reported for 2021. Crown Castle owns and operates over 40,000 cell towers and 80,000 route miles of fiber across the U.S., connecting cities with essential communication infrastructure.