Business
Dividend Coverage: This Communication Services REIT has a Dividend Yield of 3.72%; Trades Ex-Dividend on June 14, 2017
LONDON, UK / ACCESSWIRE / June 13, 2017 / Pro-Trader Daily takes a closer look at Crown Cast...
About this update from Canadian Copper, Inc.
[{"type":"text","content":"Dividend Coverage: This Communication Services REIT has a Dividend Yield of 3.72%; Trades Ex-Dividend on June 14, 2017LONDON, UK / ACCESSWIRE / June 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 June 14, 2017. In order to capture the dividend payout, investors must purchase the stock one day prior to the ex-dividend date that is by latest June 13, 2017. This would make the individual a shareholder on the Company's record, thereby entitling the investor to be paid a dividend on the payable date. Are you looking for research on dividend stocks, if so register with us now for your free membership at:\nhttp://protraderdaily.com/register/\nToday, PRO-TD covers ex-dividend news on CCI. Get our free coverage by signing up at: \nhttp://protraderdaily.com/optin/?symbol=CCI \nDividend Declared\nOn May 18, 2017, Crown Castle International 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 June 30, 2017, to common stockholders of record at the close of business on June 16, 2017.\nCrown Castle's indicated dividend represents a yield of 3.72%, higher compared to the average dividend yield for the Technology sector of 1.35%. The Company has paid the dividend for three consecutive quarters and it last increased its dividend in October 2016, where Crown Castle's Board of Directors has declared a quarterly cash dividend of $0.95 per common share, representing an increase of approximately 7% over the previous quarterly dividend of $0.885 per share. Since its conversion into a REIT, which are structured to distribute 90% of their earnings to shareholders through dividends Crown Castle has increased its quarterly per-share payouts from $0.35 to $0.95.\n \nDividend Insights\nCrown Castle has a dividend payout ratio of 79.8% meaning that it distributes around $0.80 for every $1.00 earned, and this also suggests that the Company's dividend is sufficiently covered by earnings currently. REITs generally have very high yields and payout ratios since they are required to pay such a large percentage of their profits in the form of dividends.\nAccording to analysts' estimates, Crown Castle is forecasted to report earnings of $1.49 per share in the coming year,...