Crown Castle International Corp (CCI) has announced that it plans to raise the quarterly dividend from $0.35 to $0.82 per share. Earlier this year the provider of wireless infrastructure towers initiated its $0.35 per share dividend.
Crown Castle International Corp. is a real estate investment trust (REIT), which owns, operates and leases shared wireless infrastructure towers (multitenant communications real estate). The Company's small cells segment also offers fiber-based solutions. Crown Castle has operations in the United States and Puerto Rico.