Crown Castle (CCI) Declares $1.47 Quarterly Dividend; 3.3% Yield

Crown Castle (CCI) PT Lowered to $183 at Goldman Sachs

October 22, 2021 8:56 AM EDT

Goldman Sachs analyst Brett Feldman lowered the price target on Crown Castle (NYSE: CCI) to $183.00 (from $190.00) while maintaining a Neutral rating following results.

Ongoing tower strength offset by small cell weakness... More

Crown Castle (CCI) Raises Quarterly Dividend 10.5% to $1.47; 3.4% Yield

October 20, 2021 4:19 PM EDT

Crown Castle (NYSE: CCI) declared a quarterly dividend of $1.47 per share, or $5.88 annualized. This is a 10.5% increase from the prior dividend of $1.33.

The dividend will be payable on December 31, 2021, to stockholders of record on December 15, 2021, with an ex-dividend date of December 14,... More

Crown Castle (CCI) Tops Q3 EPS by 5c

October 20, 2021 4:17 PM EDT

Crown Castle (NYSE: CCI) reported Q3 EPS of $0.81, $0.05 better than the analyst estimate of $0.76. AFFO was $1.77.

"We delivered strong results in the third quarter and increased our annualized common stock dividend by approximately 11% to $5.88 per share," stated Jay Brown, Crown Castles Chief Executive Officer. "The dividend increase is supported by the expected combined growth in 2021 and 2022, and represents the second-consecutive year of dividend growth that meaningfully exceeds our long-term growth target of 7% to 8% per year. We are generating this level of growth as a result of a robust tower leasing... More

UPDATE: Credit Suisse Upgrades Crown Castle (CCI) to Outperform

October 19, 2021 3:47 AM EDT

(Updated - October 19, 2021 4:57 AM EDT)

Credit Suisse analyst Sami Badri upgraded Crown Castle (NYSE: CCI) from Neutral to Outperform with a price target of $195.00 (from $192.00).

The analyst comments "Carrier Capex Spend a Primary Driver in Upgrade Thesis: This strong level of capex is building on what CCIs... More