Crown Castle (LTS:0I4W) Dividend Payout Ratio : 1.86 (As of Sep. 2024)

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What is Crown Castle Dividend Payout Ratio?

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Crown Castle's Dividend Payout Ratio for the months ended in Sep. 2024 was 1.86.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Crown Castle Inc is 1.99, which seems too high.

The historical rank and industry rank for Crown Castle's Dividend Payout Ratio or its related term are showing as below:

LTS:0I4W' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 1.52 Med: 2.07 Max: 3.94
Current: 1.99

During the past 13 years, the highest Dividend Payout Ratio of Crown Castle was 3.94. The lowest was 1.52. And the median was 2.07.

LTS:0I4W's Dividend Payout Ratio is ranked worse than
80.09% of 668 companies
in the REITs industry
Industry Median: 1.01 vs LTS:0I4W: 1.99

As of today (2024-12-14), the Dividend Yield % of Crown Castle is 6.45%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Crown Castle was 7.27%. The lowest was 1.33%. And the median was 3.60%.

Crown Castle's Dividends per Share for the months ended in Sep. 2024 was $1.57.

During the past 3 years, the average Dividends Per Share Growth Rate was 8.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.40% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Crown Castle was 27.80% per year. The lowest was 8.10% per year. And the median was 8.50% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Crown Castle Dividend Payout Ratio Historical Data

The historical data trend for Crown Castle's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Crown Castle Dividend Payout Ratio Chart

Crown Castle Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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2.45

1.94

2.01

1.52

1.68

Crown Castle Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Dividend Payout Ratio	Get a 7-Day Free Trial															1.98	1.81	2.09	2.28	1.86

Competitive Comparison of Crown Castle's Dividend Payout Ratio

For the REIT - Specialty subindustry, Crown Castle's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Crown Castle's Dividend Payout Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Crown Castle's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Crown Castle's Dividend Payout Ratio falls into.

Crown Castle Dividend Payout Ratio Calculation

Crown Castle's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	6.26	/	3.73
	=	1.68

Crown Castle's Dividend Payout Ratio for the quarter that ended in Sep. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Sep. 2024 )	/	EPS without NRI (Q: Sep. 2024 )
	=	1.565	/	0.842
	=	1.86

Crown Castle (LTS:0I4W) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Crown Castle Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Crown Castle's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Crown Castle Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Crown Castle Inc (LTS:0I4W) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

CCI:USA CCI1:Mexico 8CW:Germany 8CW:Germany C1CI34:Brazil CCIN:Austria

Address

8020 Katy Freeway, Houston, TX, USA, 77024-1908

Website

https://www.crowncastle.com

Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 90,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company's fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle's towers and fiber are predominantly located in the largest us cities. The company has a very concentrated customer base, with about 75% of its revenue coming from the big three us mobile carriers. Crown Castle operates as a real estate investment trust.

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