SBA Communications Corporation (NASDAQ:SBAC) will begin trading ex-dividend on November 18, 2020. The quarterly dividend payment of $ 0.465 per share is scheduled to be paid on December 17, 2020. The dividend yield based on the latest trading day closing price was 0.61 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of November 18, 2020.
Dividends History
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SBA Communications Corporation recently reported third quarter financial results on November 2, 2020, after market close, the Boca Raton based company outlined income for the third quarter of $ 0.20 per share, from the revenue of $ 522.94 million. The quarterly earnings enlarged 5.26 percent while revenues boosted 3.03 percent compared with the same quarter last year.
Street analysts expected SBA Communications Corporation recently reported third quarter financial results on November 2, 2020, after market close, the Boca Raton based company to report income of $ 0.46 per share on revenue of $ 516.06 million for the third quarter. The bottom line results missed street analysts by $ 0.26 or 56.52 percent, at the same time, top line results outshined analysts by $ 6.88 million or 1.33 percent.
Stock Performance
On Friday, shares of SBA Communications Corporation has traded high as $ 304.82 and has cracked $ 297.64 on the downward trend, reaching $ 304.00 with volume of 408.50 thousand shares.
According to the previous trading day, closing price of $ 304.00, representing a 44.72 % increase from the 52 week low of $ 205.20 and a 9.56 % decrease over the 52 week high of $ 328.37.
The company has a market capital of $ 33.76 billion and is part of the Real Estate sector and REIT – Diversified industry.
SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America. By Building Better Wireless, SBA generates revenue from two primary businesses site leasing and site development services. The primary focus of the Company is the leasing of antenna space on its multi-tenant communication sites to a variety of wireless service providers under long-term lease contracts.
