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
2.0%
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 Yield2.0%
Trailing DPS$4.45
FrequencySemi-Annual
Payments / 12M5
Payout Safety
Earnings Payout45.5%
Earnings SafetySustainable
FCF Payout46.4%
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 Yield2.2%
Total Shareholder Yield4.2%
1Y Total Return-8.3%
5Y Total Return-20.1%
Div Contribution (5Y)6.0%
Estimated $10K growth (return + dividends):
5Y ago$7,98610Y ago$23,82520Y ago$89,766
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
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 46.4%, 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: 2.0% dividend yield, 2.2% buyback yield, 4.2% 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 -20.1%, with dividends contributing 6.0% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $23,825 today.
SBAC Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$18.26
Avg/Payment$0.9130
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| May 22, 2026Latest | $1.2500 | — | 2.15% | 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 |
| Aug 22, 2024 | $0.9800 | — | 1.74% | Sep 18, 2024 |
SBAC Dividend vs Peers
Comparable companies in the same industry
#6 yield in peer group
Div Yield
2.0%
#6 of 8
Safety
Sustainable
45.5% payout
Streak
7Y
19.0% 5Y CAGR
Total Shareholder
4.2%
#6 of 8
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| SBACSBA Communications C… | $23.1B | 2.0% | 45.5% | 7 | Sustainable |
 AMTAmerican Tower Corpo… | $83.0B | 3.8% | 1.2% | 11 | Sustainable |
3rd  CCICrown Castle Inc. | $38.9B | 5.3% | 4.7% | 0 | Sustainable |
 LUMNLumen Technologies, … | $9.5B | 0.0% | — | 0 | Unknown |
1st  CCOICogent Communication… | $905M | 17.3% | — | 0 | Unknown |
 SHENShenandoah Telecommu… | $888M | 0.7% | — | 3 | Unknown |
 TAT&T Inc. | $181.1B | 4.4% | 37.4% | 2 | Sustainable |
2nd  VZVerizon Communicatio… | $199.7B | 5.7% | 66.9% | 11 | Watch |
SBAC Annual Dividend History (1998–2026)
29 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $2.50 | — | 2 | — | — | — | 0.9% |
| 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 | — | — | — |
Full SBAC Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See SBAC's True Return
Price is only half the story. See total return with reinvested dividends.
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Start ComparisonSBAC — 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 +2.0%. Payments are made Semi-Annual.
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 Semi-Annual.
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 +46.4%. 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 Semi-Annual. 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 $7,986 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 +2.0% market yield, thanks to consistent dividend growth.