The free dividend tracker to help you grow your wealth. Link your brokerage accounts and MerryDiv automatically syncs your holdings and dividends.
Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): SBA Communications Corporation (SBAC) pays a $4.72 annual dividend ($1.25 quarterly), yielding 2.67% at $187.06/share. Next ex-dividend date 2026-08-20. 5+ consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.67%
Annual Dividend: $4.72 per share
Payout Ratio: 50.9%
Ex-Dividend Date: 2026-08-20
Dividend Frequency: quarterly
Sector: Real Estate
Years of Dividend History: 8
SBA Communications Corporation dividend income comes from one of the largest wireless tower operators in the Americas and South Africa. SBAC currently pays $4.86 per share annually, distributed quarterly, with the next ex-dividend date on August 20, 2026. The current yield sits at 2.7%. With a beta of 0.984, SBAC stock moves closely in line with the broader market, making it a fit for dividend investors who want tower infrastructure exposure without extreme price swings.
SBA Communications Corporation pays out 51.0% of earnings as dividends, a payout ratio classified as moderate (40–60%). That level is supported by the company's core business: long-term lease agreements with wireless service providers for antenna space on shared towers, a revenue model built around recurring contractual payments rather than one-time transactions. The primary pressure point for SBA Communications Corporation dividend safety is the capital-intensive nature of tower infrastructure, which can compete with dividend growth for available cash.
SBA Communications Corporation dividend history shows a CAGR of 19.0% per year from 2020 to 2025. The per-share payout grew from $1.86 in 2020 to $4.44 in 2025 (2026 is a partial year and excluded from the CAGR calculation). The smallest annual increase in the window was 13.3% in 2025, which is still a meaningful raise by any measure.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +16.1% | $2.84 (2022) | $4.44 (2025) |
| 5-Year | +19.0% | $1.86 (2020) | $4.44 (2025) |
SBAC stock fits dividend investors who prioritize growth over immediate income. The yield is moderate (2–4%) at 2.7% today, but that figure sits well above the 5-year average yield of 1.88%, meaning buyers today are getting more income per dollar than the historical norm. The 19.0% annual dividend CAGR from 2020 to 2025 is the defining trait here: SBA Communications Corporation has compounded its payout at a rate that few REITs match. The trade-off is that the starting yield is not high enough to anchor a pure income portfolio, so investors gain fast-growing distributions from a tower-lease business model while accepting a yield that requires patience to compound into meaningful income.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-20 | $1.2500 |
| 2026-05-22 | $1.2500 |
| 2026-03-13 | $1.2500 |
| 2025-11-13 | $1.1100 |
| 2025-08-21 | $1.1100 |
| 2025-05-22 | $1.1100 |
| 2025-03-13 | $1.1100 |
| 2024-11-14 | $0.9800 |
| 2024-08-22 | $0.9800 |
| 2024-05-22 | $0.9800 |
| Year | Total Dividends |
|---|---|
| 2026 | $3.7500 |
| 2025 | $4.4400 |
| 2024 | $3.9200 |
| 2023 | $3.4000 |
| 2022 | $2.8400 |
Project income from SBAC with the SBAC dividend calculator or track your full portfolio with the dividend tracker.