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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): SBA Communications Corporation (SBAC) pays a $4.86 annual dividend ($1.25 quarterly), yielding 2.57% at $189.44/share. Next ex-dividend date 2026-08-20. 5+ consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.57%
Annual Dividend: $4.86 per share
Payout Ratio: 51.0%
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 Americas' largest wireless tower operators, leasing antenna space to carriers under long-term contracts. SBAC currently pays $4.86 per share annually, with a quarterly frequency and an upcoming ex-dividend date of August 20, 2026. The current yield stands at 2.57%. For dividend investors who want exposure to wireless infrastructure with a beta near 1.0, this stock sits in moderate-yield territory.
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 of leasing tower space under long-term contracts, which generates recurring revenue from wireless service providers. SBA Communications Corporation dividend safety faces its main pressure point from the capital-intensive nature of owning and operating wireless infrastructure across multiple continents, which can compete with cash available for dividend growth.
SBA Communications Corporation dividend history shows a CAGR of 19.0% per year from 2020 to 2025. The per-share annual dividend grew from $1.86 to $4.44 over that window (2026 is a partial year and excluded from the CAGR calculation). The smallest annual increase in the window was 13.3% in 2025, which still represents a meaningful step up in absolute dollar terms for income investors.
| 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 fast payout growth over immediate high income. The current yield of 2.57% is moderate (2–4%), and it sits notably above the 5-year average yield of 1.79%, meaning today's entry point delivers more income per dollar than the historical norm. The 51.0% payout ratio leaves room for continued increases. The trade-off is clear: the yield itself is not large enough to anchor a pure income portfolio, but the 19.0% annualized growth rate over five years means the income stream has compounded quickly for those who held through the full window.
| 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 |
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