SBA Communications Raises Quarterly Dividend 13% to $1.25 Per Share
SBA Communications Corporation (Nasdaq: SBAC), a wireless infrastructure provider, declared a quarterly cash dividend of $1.25 per share, marking a 13% increase from the prior quarter's $1.11 payout.
SBA Communications Corporation (Nasdaq: SBAC), a wireless infrastructure provider, declared a quarterly cash dividend of $1.25 per share, the company announced February 26, 2026. The payout represents a 13% increase over the $1.11 dividend paid in the fourth quarter of 2025. Read more dividend announcements.
The dividend is payable March 27, 2026 to shareholders of record as of March 13, 2026. The company's board of directors approved the distribution alongside the release of fourth quarter 2025 financial results.
| Dividend Details | Date |
|---|---|
| Amount Per Share | $1.25 |
| Record Date | March 13, 2026 |
| Payment Date | March 27, 2026 |
| Previous Amount | $1.11 |
| Increase | 13% |
Fourth Quarter Performance
SBA reported net income of $370.4 million, or $3.47 per share, for the quarter ended December 31, 2025. The company generated adjusted funds from operations (AFFO) of $3.19 per share during the period.
The company repurchased 1.1 million shares during the fourth quarter. Since its prior earnings release, SBA has spent $175 million to repurchase and retire more than 916,000 shares at an average price of $191.00 per share.
CEO Brendan Cavanagh cited continued carrier investment in network densification and 5G expansion as drivers of organic growth. The company also closed on additional tower sites acquired from Millicom International in Central America during the quarter.