LONDON, UK / ACCESSWIRE / September 13, 2017 / Pro-Trader Daily takes a closer look at Crown Castle International Corp. (NYSE: CCI) as the Company's stock will begin trading ex-dividend on September 14, 2017. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on September 13, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

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Dividend Declared

On August 03, 2017, Crown Castle announced that its Board of Directors has declared a quarterly cash dividend of $0.95 per common share. The quarterly dividend will be payable on September 29, 2017, to common stockholders of record at the close of business on September 15, 2017.

Crown Castle's indicated dividend represents a yield of 3.57%, which is more than double compared to the average dividend yield of 1.42%for the Technology sector. The Company has raised its dividend for two consecutive years.

Dividend Insights

Crown Castle has a dividend payout ratio of 82.3%, which means that the Company distributes approximately $0.82 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Crown Castle is forecasted to report earnings of $1.42 for the next year which is below the Company's annualized dividend of $3.80. Crown Castle is a Real Estate Investment Trust (REIT) which is structured by law to distribute at least 90% of earnings. Moreover, since REITs generate income from owning portfolios of investment real estate, they are likely to have higher depreciation charges.

Since depreciation is a non-cash charge, it does not directly impact the ability of dividend companies can distribute. For this reason, Fund from Operations (FFO) is calculated by adding depreciation and amortization to earnings and subtracting any gains on sales which provides a better picture of any company's profitability and capacity to pay and sustain dividends. For instance, for the quarter ended June 30, 2017, Crown Castles' net income was $276.7 million, or $112.11 per diluted common share, compared to $75.06 million, or $0.22, in Q2 2016. For the three months ended June 30, 2017, the Company's FFO was $439.9 million, or $1.20 per share, in the period, which should sufficiently cover its dividend payout.

As on June 30, 2017, Crown Castle had $199.63 million in cash and cash equivalents, while its total current assets were $951.34 million. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain its dividend distribution for a long period.

Recent Development for Crown Castle

On September 05, 2017, Crown Castle announced that effective immediately, James D. Young, Crown Castle's previous Senior Vice President and Chief Operating Officer, has been designated to lead Crown Castle's fiber solutions activities and appointed Senior Vice President and COO ? Fiber. In addition, Robert C. Ackerman, who previously served as an Area President of Crown Castle's operating subsidiaries, has been appointed Senior Vice President and COO ? Towers and Small Cells.

Mr. Young joined Crown Castle in October 2005 and has served as Senior Vice President and COO since 2009. Mr. Ackerman joined Crown Castle in August 1998 and has served as an Area President of its operating subsidiaries since 2002. Mr. Young and Mr. Ackerman have approximately 30 and 20 years of experience, respectively, in the telecom industry.

About Crown Castle

Crown Castle provides wireless carriers with the infrastructure they need to keep people connected and businesses running. With approximately 40,000 towers and 60,000 route miles of fiber supporting small cells following the completion of the Lightower acquisition, Crown Castle is the nation's largest provider of shared wireless infrastructure with a significant presence in the top 100 US markets.

Stock Performance

On Tuesday, September 12, 2017, the stock closed the trading session at $106.21, marginally declining 0.67% from its previous closing price of $106.93. A total volume of 1.69 million shares have exchanged hands. Crown Castle's stock price rallied 3.99% in the last three months, 18.47% in the past six months, and 13.07% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have surged 22.40%. The stock is trading at a PE ratio of 85.10 and has a dividend yield of 3.58%. At Tuesday's closing price, the stock's net capitalization stands at $43.35 billion.

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