Crown Castle International Corp (CCI) will raise its quarterly dividend to $0.95 per share.
The quarterly dividend will be payable on December 30, 2016 to common stockholders of record at the close of business on December 16, 2016.
Crown Castle, a provider of shared infrastructure for wireless carriers, currently has an estimated dividend yield of 4.3%. Last year Crown Castle hiked its dividend by 7.9%.
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.