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Stock impact report

SBA Communications Corporation Reports Fourth Quarter 2024 Results; Provides Full Year 2025 Outlook; and Declares Quarterly Cash Dividend

SBA Communications Corporation - Class A (SBAC) 
Last sba communications corporation - class a earnings: 2/20 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.sbasite.com
Company Research Source: Business Wire
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today reported results for the quarter ended December 31, 2024.Highlights of the fourth quarter include:Net income of $178.8 million or $1.61 per shareIndustry-leading AFFO per share of $3.47Quarter-ending Net Debt to Annualized Adjusted EBITDA leverage ratio lowest in company historyIndustry-leading dividend growthIn addition, the Company announced today that its Board of Directors has declared a quarterly cash dividend of $1.11 per share of the Company’s Class A Common Stock, an increase of approximately 13% over the dividend paid in the fourth quarter. The distribution is payable March 27, 2025 to the shareholders of record at the close of business on March 13, 2025.“We had a solid finish to 2024, producing favorable results both financially and operationally,” commented Brendan Cavanagh, President and Chief Executive Officer. “Carrier activity levels in the US continued to Show less Read more
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