SBA CommunicationsSTU:4SB 83 Dividend Payout Ratio is 0.62 as of Mar. 2026, which is 13% above its 10-year median of 0.55. GuruFocus rates STU:4SB with a GF Score™ of 83/100 and a GF Value™ of €203.27. The stock has 5 warning signs investors should review. Among 714 REITs companies, SBA Communications ranks better than 91.32% on this metric.
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. SBA Communications's Dividend Payout Ratio for the
months ended in Mar. 2026 was 0.62.
The historical rank and industry rank for SBA Communications's Dividend Payout Ratio or its related term are showing as below:
STU:4SB'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.39 Med: 0.55 Max: 2.66
Current: 0.41
During the past 13 years, the highest Dividend Payout Ratio of SBA Communications was 2.66. The lowest was 0.39. And the median was 0.55.
STU:4SB's Dividend Payout Ratio is ranked better than 91.32% of 714
companies
in the REITs industry
Industry Median: 0.99
vs STU:4SB: 0.41
During the past 12 months, SBA Communications's average Dividends Per Share Growth Rate was 13.10% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 16.10% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 19.10% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of SBA Communications was 56.60% per year. The lowest was 16.10% per year. And the median was 20.70% 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.
SBA Communications (STU:4SB) 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.
SBA Communications Dividend Payout Ratio Related Terms
SBA Communications Dividend Payout Ratio Historical Data
* Premium members only.
The historical data trend for SBA Communications'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.
STU:4SB vs WY, LAMR, GLPI: Dividend Payout Ratio Comparison
For the REIT - Specialty subindustry, SBA Communications'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.
SBA Communications Dividend Payout Ratio vs REITs Industry
For the REITs industry and Real Estate sector, SBA Communications's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where SBA Communications's Dividend Payout Ratio falls into.
SBA Communications Dividend Payout Ratio Calculation
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.
SBA Communications's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
SBA Communications (STU:4SB) has a Dividend Payout Ratio of 0.62 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on SBA Communications and its competitors. This is 13% above median its historical median of 0.55. Over the past decade, SBA Communications' Dividend Payout Ratio has ranged from 0.39 to 2.66. According to the industry distribution chart, SBA Communications ranks #62 out of 714 companies in the REITs industry, placing it in the top 8.7%.
Is SBA Communications' Dividend Payout Ratio too high?
SBA Communications' current Dividend Payout Ratio of 0.62 is 13% above median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 2.66. The REITs industry median Dividend Payout Ratio is 0.99. SBA Communications' value of 0.62 is 37.4% below this industry median. Based on the distribution chart, SBA Communications ranks #62 out of 714 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, SBA Communications has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does SBA Communications' Dividend Payout Ratio compare to WY and LAMR?
According to the REITs industry distribution chart, SBA Communications ranks #62 out of 714 companies for Dividend Payout Ratio. This places SBA Communications in the top 9% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.99. SBA Communications' value of 0.62 is 37.4% below this benchmark. Historically, SBA Communications' own Dividend Payout Ratio has ranged from 0.39 to 2.66 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 0.99, SBA Communications has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a REITs company?
The median Dividend Payout Ratio among REITs companies is 0.99, based on 714 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SBA Communications's current Dividend Payout Ratio of 0.62 is 37.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on SBA Communications and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SBA Communications's current Dividend Payout Ratio is 0.62, which is 13% above median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SBA Communications stock overvalued right now?
SBA Communications (STU:4SB) has a current Dividend Payout Ratio of 0.62. The stock's GF Value™ is €203.27, compared to a current price of €161.00 — trading 20.8% below its estimated fair value. The current Dividend Payout Ratio is 0.62, which is 13% above median its 10-year median of 0.55 and 37.4% below the REITs industry median of 0.99. SBA Communications' overall GF Score™ is 83/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For SBA Communications (STU:4SB), the current Dividend Payout Ratio is 0.62 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is SBA Communications (STU:4SB) Overvalued in 2026?
Based on GuruFocus' analysis, SBA Communications stock appears to be undervalued.
The current stock price of €161.00 is trading 20.8% below its estimated GF Value™ of €203.27.
Key valuation signals for STU:4SB:
Dividend Payout Ratio: 0.62 (13% above median its 10-year median of 0.55)
GF Value™: €203.27 vs. price of €161.00 (20.8% below fair value)
Industry Position: 37.4% below the REITs median (#62 of 714)
No single metric tells the full story. See the STU:4SB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SBA Communications owns a portfolio of about 46,000 wireless towers throughout North America, South America, and Africa. It leases space on its towers to wireless service providers, who install equipment to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market generated by the top three or four mobile carriers. It owns more than 17,000 towers in the US, which account for about 70% of leasing revenue. Internationally, SBA's largest markets are Brazil and Guatemala, where it owns roughly 12,000 and 5,000 towers, respectively. SBA operates as a real estate investment trust.
83GF Score
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