Crown Castle Reduces Dividend by 32.1%: What You Should Know

Crown Castle CCI recently announced that its board of directors has declared a quarterly cash dividend of $1.0625 per share. This represents a 32.1% decrease from the previous quarterly payout of $1.565 per share. The new dividend will be paid on June 30, 2025, to the company’s shareholders of record as of June 12, 2025.Based on the reduced rate, the annualized dividend payout comes to $4.25 per share. At this new rate, the annualized yield is 4.19%, based on the stock’s closing price of $101.52 on May 21, 2025.The company had earlier announced its plan to reduce its dividend payment in the second quarter of 2025, as part of its efforts to increase free cash flow generation and financial flexibility amid the Fiber segment sale move.Previously, on Feb. 26, 2025, Crown Castle’s board of directors declared a quarterly cash dividend payment of $1.565 per common share. The dividend was paid out on March 31 to common stockholders on record as of March 14, 2025.Solid dividend payouts remain the biggest attraction for REIT investors. However, Crown Castle has increased its dividend only three times in the last five years, which remains a concern. Hence, any significant turnaround in dividend payment after this reduction is likely to remain elusive in the near term. Check Crown Castle’s dividend history here.Over the past three months, shares of this Zacks Rank #3 (Hold) company have gained 9.6% against the industry's decline of 2%. Image Source: Zacks Investment Research Stocks to ConsiderSome better-ranked stocks from the broader REIT sector are VICI Properties VICI and W.P. Carey WPC, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Zacks Consensus Estimate for VICI’s 2025 FFO per share has moved one cent northward to $2.34 over the past month.The consensus estimate for WPC’s 2025 FFO per share has been revised upward by 1% to $4.88 over the past month.Note: Anything related to earnings presented in this write-up represents FFO, a widely used metric to gauge the performance of REITs.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Crown Castle Inc. (CCI): Free Stock Analysis Report W.P. Carey Inc. (WPC): Free Stock Analysis Report VICI Properties Inc. (VICI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks