Trailing Dividend / Share
$4.45
SBA Communications Corporation (SBAC) Dividend History
Income profile from 2019 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
2.6%
Payout Ratio
45.5%
Sustainable
Dividend Streak
7 years
SBAC Dividend Income Check
Safety
45.5% payout ratio with sustainable safety profile.
Consistency
7 straight years of dividend increases.
Income Trend
Yield on cost is 1.6% and trend is rising.
SBAC Dividend Scorecard
Yield & Income
Dividend Yield2.6%
Trailing DPS$4.45
FrequencyQuarterly
Payments / 12M4
Payout Safety
Earnings Payout45.5%
Earnings SafetySustainable
FCF Payout45.0%
FCF SafetyWell Covered
Piotroski F-Score7/9
Growth
Growth Streak7 years
3Y CAGR16.1%
5Y CAGR19.0%
Yield on Cost (5Y)1.6%
YOC Trendrising
Total Returns
Buyback Yield2.8%
Total Shareholder Yield5.4%
1Y Total Return-11.8%
5Y Total Return-46.4%
Div Contribution (5Y)5.4%
Estimated $10K growth (return + dividends):
5Y ago$5,35710Y ago$17,32120Y ago$75,556
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
SBAC Income Growth Story
Dividend per share and yield on cost over time (8 years of payments)
SBAC Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Dividend Analysis
Payout Safety
SBA Communications Corporation distributes 45.5% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 45.0%, rated "Well Covered".
Piotroski F-Score: 7/9 — strong financial health.
Growth Track Record
SBAC has raised its dividend for 7 consecutive years, with a 3-year CAGR of 16.1% and 5-year CAGR of 19.0%.
Total Shareholder Returns
Beyond cash dividends, SBAC returns capital through share repurchases. The combined picture: 2.6% dividend yield, 2.8% buyback yield, 5.4% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 1.6% and is currently rising. The 5-year total return is -46.4%, with dividends contributing 5.4% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $17,321 today.
SBAC Recent Dividend Payments
Last 20 payments · Quarterly
TTM Total$18.93
Avg/Payment$0.9465
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Aug 20, 2026Latest | $1.2500 | — | 2.69% | Sep 17, 2026 |
| May 22, 2026 | $1.2500 | — | 2.30% | Jun 17, 2026 |
| Mar 13, 2026 | $1.2500 | ↑ +12.6% | 2.44% | Mar 27, 2026 |
| Nov 13, 2025 | $1.1100 | — | 2.29% | Dec 11, 2025 |
| Aug 21, 2025 | $1.1100 | — | 1.95% | Sep 18, 2025 |
| May 22, 2025 | $1.1100 | — | 1.83% | Jun 17, 2025 |
| Mar 13, 2025 | $1.1100 | ↑ +13.3% | 1.89% | Mar 27, 2025 |
| Nov 14, 2024 | $0.9800 | — | 1.79% | Dec 12, 2024 |
SBAC Dividend vs Peers
Comparable companies in the same industry
#6 yield in peer group
Div Yield
2.6%
#6 of 8
Safety
Sustainable
45.5% payout
Streak
7Y
19.0% 5Y CAGR
Total Shareholder
5.4%
#5 of 8
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| SBACSBA Communications C… | $18.1B | 2.6% | 45.5% | 7 | Sustainable |
 AMTAmerican Tower Corpo… | $79.6B | 3.9% | 1.2% | 14 | Sustainable |
2nd  CCICrown Castle Inc. | $30.7B | 6.8% | 4.7% | 0 | Sustainable |
 LUMNLumen Technologies, … | $6.3B | 0.0% | — | 0 | Unknown |
1st  CCOICogent Communication… | $407M | 38.5% | — | 14 | Unknown |
 SHENShenandoah Telecommu… | $669M | 1.0% | — | 4 | Unknown |
 TAT&T Inc. | $173.5B | 4.5% | 37.4% | 0 | Sustainable |
3rd  VZVerizon Communicatio… | $194.2B | 5.8% | 66.9% | 21 | Watch |
SBAC Annual Dividend History (1998–2026)
29 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $3.75 | — | 3 | — | — | — | 1.4% |
| 2025 | $4.44 | 13.3% | 4 | $9.80 | 45.3% | 2.21x | 1.6% |
| 2024 | $3.92 | 15.3% | 4 | $6.94 | 56.5% | 1.77x | 1.4% |
| 2023 | $3.40 | 19.7% | 4 | $4.61 | 73.8% | 1.36x | 1.2% |
| 2022 | $2.84 | 22.4% | 4 | $4.22 | 67.3% | 1.49x | 1.0% |
| 2021 | $2.32 | 24.7% | 4 | $2.14 | 108.4% | 0.92x | 0.8% |
| 2020 | $1.86 | 151.4% | 4 | $0.21 | 885.7% | 0.11x | 0.7% |
| 2019 | $0.74 | — | 2 | $1.28 | 57.8% | 1.73x | 0.3% |
| 2018 | $0.00 | — | 0 | $0.41 | — | — | — |
| 2017 | $0.00 | — | 0 | $0.86 | — | — | — |
Consensus & Technical Research Suite
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Historical Returns
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Peer Comparison
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SBAC — Frequently Asked Questions
Quick answers to the most common questions about buying SBAC stock.
How much dividend does SBAC pay per share?
SBA Communications Corporation (SBAC) pays a trailing 12-month dividend of $4.45 per share, with a current dividend yield of +2.6%. Payments are made Quarterly.
When is SBAC's next ex-dividend date?
SBAC's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. SBAC typically pays dividends Quarterly.
Is SBAC's dividend safe?
SBAC's dividend safety is rated "Sustainable" based on an earnings payout ratio of +45.5% and FCF payout ratio of +45.0%. The 7-year growth streak provides moderate confidence.
Is SBAC a Dividend Payer?
Yes, SBA Communications Corporation is classified as a Dividend Payer with 7 consecutive years of dividend increases. The 5-year dividend CAGR is +19.0%, demonstrating above-inflation dividend growth.
How often does SBAC pay dividends?
SBA Communications Corporation pays dividends Quarterly. The trailing 12-month total is $4.45 per share. Dividend data on this page covers 7+ years from 2019 to 2026.
How much would $10,000 invested in SBAC grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in SBAC five years ago would be worth approximately $5,357 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is SBAC's yield on cost for long-term holders?
SBAC's yield on cost — the current dividend divided by the original purchase price — is +1.6% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +2.6% market yield, thanks to consistent dividend growth.