Crown Castle International Corporation (NYSE:CCI) will begin trading ex-dividend on September 14, 2020. The quarterly dividend payment of $ 1.20 per share is scheduled to be paid on September 30, 2020. The dividend yield based on the latest trading day closing price was 3.02 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
Dividends History
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Crown Castle International Corporation recently reported second quarter financial results on July 29, 2020, after market close, wireless infrastructure provider unwinded income for the second quarter of $ 1.45 per share, from the revenue of $ 1,440.00 million. The quarterly earnings up 178.85 percent while revenues shrunk 2.57 percent compared with the same quarter last year.
According to street consensus, CCI was expected to report 2Q20 income of $ 0.50 per share from revenue of $ 1445.60 million. The bottom line results beat street analysts by $ 0.95 or 190.00 percent, at the same time, top line results fell short of analysts by $ 5.6 million or 0.39 percent.
Stock Performance
Shares of Crown Castle International Corporation traded low $ -2.53 or -1.57 percent on Thursday, reaching $ 158.76 with volume of 1.87 million shares. Crown Castle International Corporation has traded high as $ 161.09 and has cracked $ 158.65 on the downward trend
According to the previous trading day, closing price of $ 158.76, representing a 41.26 % increase from the 52 week low of $ 114.18 and a 10.39 % decrease over the 52 week high of $ 180.00.
The company has a market capital of $ 66.63 billion and is part of the Real Estate sector and REIT – Diversified industry.
Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 75,000 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.
