Dividend Overview
Dividend Yield
5.63%
Dividend / Share
$4.78
Crown Castle Inc
Exchange: NYSESector: Real EstateIndustry: REIT - Specialty
Crown Castle International Corp. (CCIC) owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers); distributed antenna systems (DAS)(each such system is a network of antennas for the benefit of wireless carriers and is connected by fiber to communication hubs designed to facilitate wireless communications), and interests in land under third party towers in various forms (third party land interests) (unless the context otherwise suggests or requires, references herein to wireless infrastructure include towers, DAS and third party land interests). Its core business is renting space or physical capacity (collectively, space) on its towers, DAS and, to a lesser extent, third party land interests (collectively, site rental business) through long-term contracts in various forms, including license, sublease and lease agreements (collectively, contracts). In April 2012, it acquired NextG Networks, Inc.
Did you know?
Profit margin stands at 10.4%.
Current Price
$84.78
+4.89%GoodMoat Value
$99.85
17.8% undervaluedProfile
Valuation (TTM)
Market Cap$36.92B
P/E83.15
EV$64.71B
P/B—
Shares Out435.48M
P/Sales8.66
Revenue$4.26B
EV/EBITDA31.20
Crown Castle Inc (CCI) Dividends
GoodMoat Analysis
Crown Castle's high 6.21% dividend yield is attractive for income, but its sustainability requires caution. The dividend appears well-covered by a strong 8.6% free cash flow yield, yet the negative revenue growth and high P/E ratio signal underlying business pressure.
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For an income-focused value investor, Crown Castle presents a mixed profile. The 6.21% dividend yield is significantly higher than the broader REIT average, offering an attractive current income stream. The dividend's sustainability is supported by the company's robust free cash flow generation, with an 8.6% FCF yield providing a healthy coverage cushion. This aligns with the Quality Indicators framework, which favours strong, positive FCF. However, a deeper look reveals concerning trends. The company's revenue declined by 4.3% year-over-year, and its payout is funded from earnings at a high P/E ratio of 75.5, indicating low GAAP earnings relative to the dividend. This suggests the dividend is not being grown from a foundation of expanding profitability. While the operating margin of 48.7% is strong, the negative top-line growth challenges the long-term durability of cash flows needed to sustain and grow the payout. The balance sheet, a key quality indicator, is not fully detailed here but warrants scrutiny given the sector's typically high leverage. The dividend is currently supported by cash flow, but the lack of earnings and revenue growth makes future increases uncertain and the current payout potentially vulnerable if operational pressures persist. Analysis based on data as of 2024-05-15.
Key Metrics
Market Cap
$36.92B
P/E Ratio
83.15
Forward P/E
—
EPS
$1.01
PEG Ratio
-0.78
Book Value
$-3.75
Dividend Yield
5.63%
Profit Margin
10.41%
ROE
—
Dividend History
Dividend Safety
CCI Dividend Analysis
Crown Castle Inc (CCI) dividend analysis including yield, payout history, and sustainability metrics. The current dividend yield is 5.63%. The annual dividend per share is $4.78.
P/E ratio: 83.15. Profit margin: 10.41%. Free cash flow: $2.88B. This page shows Crown Castle Inc's dividend overview, key metrics, historical payout data, and dividend safety assessment to help income-focused investors evaluate the sustainability of dividend payments.
GoodMoat's dividend analyzer evaluates payout ratios, earnings coverage, and free cash flow coverage to determine how well supported Crown Castle Inc's dividend payments are. Use this analysis alongside the company's financial statements and quality score to make informed income-investing decisions.