SBA Communications (SBAC) Declares $0.98 Quarterly Dividend; 1.6% Yield
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SBA Communications Corporation Reports Third Quarter 2024 Results; Updates Full Year 2024 Outlook; and Declares Quarterly Cash Dividend
October 28, 2024 4:01 PM EDTBOCA RATON, Fla.--(BUSINESS WIRE)-- SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today reported results for the quarter ended September 30, 2024.
Highlights of the third quarter include:
Net income of $255.9 million or $2.40 per share Industry-leading AFFO per share of $3.32 Increased full year 2024 outlook across all key metrics Issued $2.07 billion of Tower Securities at a blended effective rate of 4.778%, more than 1% below the previously estimated rate Entered into an agreement to purchase over 7,000 sites in Central... More