SBA Communications Corporation
S&P 500SBAC/Real Estate · REIT - Specialty/NASDAQ
Dividend Yield
2.52%
$4.72 · Annual Dividend
Dividend Safety Rating
SBAC's dividend appears safe and well-supported. Strengths include a 37.7% ffo payout ratio & 48.3% fcf payout ratio. Areas of concern: 130.1% net debt / total assets & 0.2x current ratio. The dividend has been growing at a 19.01% 5-year CAGR. As a REIT, its payout is measured against FFO (funds from operations) rather than net income, since large non-cash depreciation makes the earnings payout ratio misleading.
Based on 15 of 15 metrics
Strengths
- FFO Payout Ratio: 37.7%Dividends are well covered by funds from operations (FFO).
- Operating Margin: 52.4%Healthy operating margin provides a wide buffer.
- Gross Margin: 75.6%High gross margin signals strong pricing power.
Risks
- Net Debt / Total Assets: 130.1%Net debt is high relative to total assets.
- Current Ratio: 0.2xLimited short-term liquidity to meet obligations.
- Debt-to-Equity: -3.3Debt-to-equity is elevated for the sector.
Payout & Coverage
SafeBalance Sheet
DangerProfitability
CautionDividend Track Record
Very SafeAbout SBA Communications Corporation
SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure, functioning as a real estate investment trust. It owns and manages a vast portfolio of towers, rooftops, buildings, distributed antenna systems (DAS), and small cells, leasing antenna space to wireless service providers under long-term contracts. The company operates in two main segments: Site Leasing, which generates revenue from domestic and international tenants including major carriers like AT&T, Verizon, and T-Mobile, and Site Development, offering services such as site acquisition, zoning approvals, construction, equipment installation, and maintenance. With operations spanning the United States, Canada, Central and South America, and Africa—particularly strong in Brazil—SBA supports the expansion of mobile networks to meet growing demand for bandwidth and higher-speed services. It also assists property owners in monetizing their real estate for wireless infrastructure. Founded in 1989 and headquartered in Boca Raton, Florida, SBA Communications Corporation plays a critical role in enabling wireless connectivity across key global markets.
Dividend Overview
Dividend Yield
2.52%
Annual Dividend
$4.72
Frequency
Quarterly
Payout Ratio
48.21%
FCF Payout Ratio
48.31%
52-Week Range
$162.41 - $243.16
Dividend History (2016–2025)
SBAC annual dividend per share and yield history
Earnings & Profitability
SBAC earnings per share and net profit margin
Key Dates
Last Ex-Dividend Date
May 22, 2026
Last Payment Date
June 17, 2026
Dividend Growth
3-Year Dividend CAGR
16.06%
5-Year Dividend CAGR
19.01%
10-Year Dividend CAGR
0.00%
3-Year Total Growth
56.34%
5-Year Total Growth
138.71%
10-Year Total Growth
0.00%
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Frequently Asked Questions
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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.
Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.
Market data provided by Twelve Data.