SBA Communications (SBAC) Raises Quarterly Dividend 19.7% to $0.85; 1.2% Yield

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Go back to SBA Communications (SBAC) Raises Quarterly Dividend 19.7% to $0.85; 1.2% Yield

SBA Communications Corporation Reports Fourth Quarter 2022 Results; Provides Full Year 2023 Outlook; and Declares Quarterly Cash Dividend

February 21, 2023 4:01 PM EST

BOCA RATON, Fla.--(BUSINESS WIRE)-- SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today reported results for the quarter ended December 31, 2022.

Highlights of the fourth quarter include:

Net income of $102.6 million or $0.94 per share AFFO per share increased 11.0% over the prior year period Total revenue of $686.1 million, representing a 15.3% growth over the prior year period Portfolio growth of 15.0% for the year, including 2,792 sites added during the quarter Refinanced the 2018-1C Tower Securities making... More