SBA Communications (SBAC) Dividend History & Yield
Dividend ChallengerSBA Communications (SBAC) has increased its dividend for 7 consecutive years and currently yields 2.20%. The most recent dividend was $1.2500/share on Mar 27, 2026, paid Quarterly.
Current Yield
2.20%
TTM Dividend/Share
$4.58
Payment Frequency
Quarterly
Payout Ratio
48.2%
Consecutive Growth Years
7 (Dividend Challenger)
Div Growth (1Y CAGR)
13.27%
Div Growth (5Y CAGR)
19.01%
Div Growth (10Y CAGR)
N/A
SBAC: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
21.2%
FCF payout ratio
13.3%
Net debt / EBITDA
7.3x
Interest coverage
3.59x
ROIC (TTM)
13.0%
Dividend Safety Score
5 out of 7 checks passed
Payout ratio below 75%
Payout ratio is 48.2%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($9.95) covers dividend/share ($4.58).
No dividend cuts in 7 years
No dividend cuts in the available 7 years of data.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
7+ years of consecutive growth
N/A — only 7 years of data available (need 10+).
FCF payout ratio below 70%
FCF payout ratio is 13.3%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 7.3x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (19.0%) exceeds EPS growth (5.2%) — payout ratio expanding.
Per-payment dividend history
Ex-date May 22, 2026
- Payment date
- Jun 17, 2026
- Dividend
- $1.2500
- Adj. dividend
- $1.2500
Ex-date Mar 13, 2026
- Payment date
- Mar 27, 2026
- Dividend
- $1.2500
- Adj. dividend
- $1.2500
Ex-date Nov 13, 2025
- Payment date
- Dec 11, 2025
- Dividend
- $1.1100
- Adj. dividend
- $1.1100
Ex-date Aug 21, 2025
- Payment date
- Sep 18, 2025
- Dividend
- $1.1100
- Adj. dividend
- $1.1100
Ex-date May 22, 2025
- Payment date
- Jun 17, 2025
- Dividend
- $1.1100
- Adj. dividend
- $1.1100
Ex-date Mar 13, 2025
- Payment date
- Mar 27, 2025
- Dividend
- $1.1100
- Adj. dividend
- $1.1100
Ex-date Nov 14, 2024
- Payment date
- Dec 12, 2024
- Dividend
- $0.9800
- Adj. dividend
- $0.9800
Ex-date Aug 22, 2024
- Payment date
- Sep 18, 2024
- Dividend
- $0.9800
- Adj. dividend
- $0.9800
Ex-date May 22, 2024
- Payment date
- Jun 19, 2024
- Dividend
- $0.9800
- Adj. dividend
- $0.9800
Ex-date Mar 13, 2024
- Payment date
- Mar 28, 2024
- Dividend
- $0.9800
- Adj. dividend
- $0.9800
Ex-date Nov 15, 2023
- Payment date
- Dec 14, 2023
- Dividend
- $0.8500
- Adj. dividend
- $0.8500
Ex-date Aug 23, 2023
- Payment date
- Sep 20, 2023
- Dividend
- $0.8500
- Adj. dividend
- $0.8500
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| May 22, 2026 | Jun 17, 2026 | $1.2500 | $1.2500 |
| Mar 13, 2026 | Mar 27, 2026 | $1.2500 | $1.2500 |
| Nov 13, 2025 | Dec 11, 2025 | $1.1100 | $1.1100 |
| Aug 21, 2025 | Sep 18, 2025 | $1.1100 | $1.1100 |
| May 22, 2025 | Jun 17, 2025 | $1.1100 | $1.1100 |
| Mar 13, 2025 | Mar 27, 2025 | $1.1100 | $1.1100 |
| Nov 14, 2024 | Dec 12, 2024 | $0.9800 | $0.9800 |
| Aug 22, 2024 | Sep 18, 2024 | $0.9800 | $0.9800 |
| May 22, 2024 | Jun 19, 2024 | $0.9800 | $0.9800 |
| Mar 13, 2024 | Mar 28, 2024 | $0.9800 | $0.9800 |
| Nov 15, 2023 | Dec 14, 2023 | $0.8500 | $0.8500 |
| Aug 23, 2023 | Sep 20, 2023 | $0.8500 | $0.8500 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
SBA Communications has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 7 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $4.4400 | — | — |
| 2025 | $3.9200 | $4.4400 | +13.3% |
| 2024 | $3.4000 | $3.9200 | +15.3% |
| 2023 | $2.8400 | $3.4000 | +19.7% |
| 2022 | $2.3200 | $2.8400 | +22.4% |
| 2021 | $1.8600 | $2.3200 | +24.7% |
| 2020 | — | $1.8600 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for SBA Communications (SBAC) from the consolidated cash flow statement, in USD as filed.
Latest period
$491.93M
YoY change
+12.9%
5Y CAGR
+18.2%
Peak year (2025)
$479.01M
Latest annual
$479.01M
Cash dividends paid over time for SBA Communications (SBAC)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for SBA Communications (SBAC)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $479.01M | +12.9% | +$54.82M | ||
| 2024 | $424.19M | +14.7% | +$54.23M | ||
| 2023 | $369.96M | +20.6% | +$63.19M | ||
| 2022 | $306.77M | +21.0% | +$53.19M | ||
| 2021 | $253.58M | +22.1% | +$45.89M | ||
| 2020 | $207.69M | +149.1% | +$124.30M | ||
| 2019 | $83.39M | — | +$83.39M | ||
| 2018 | $0 | — | $0 | ||
| 2017 | $0 | — | $0 | ||
| 2016 | $0 | — | $0 | ||
| 2015 | $0 | — | $0 | ||
| 2014 | $0 | — | $0 | ||
| 2013 | $0 | — | $0 | ||
| 2012 | $0 | — | $0 | ||
| 2011 | $0 | — | $0 | ||
| 2010 | $0 | — | $0 | ||
| 2009 | $0 | — | $0 | ||
| 2008 | $0 | — | $0 | ||
| 2007 | $0 | — | $0 | ||
| 2006 | $0 | — | $0 | ||
| 2005 | $0 | — | $0 | ||
| 2004 | $0 | — | $0 | ||
| 2003 | $0 | — | $0 | ||
| 2002 | $0 | — | $0 | ||
| 2001 | $0 | — | $0 | ||
| 2000 | $0 | — | $0 | ||
| 1999 | $0 | — | $0 | ||
| 1998 | $0 | — | — |
SBA Communications (SBAC) most recent annual dividends paid stands at $479.01M (2025) – grew 12.9% year-over-year.
Looking at the 2020–2025 (5 years) stretch, SBA Communications dividends paid compounded at +18.2% per year, sustaining 7 straight years of year-over-year growth.
The dataset's maximum dividends paid sits at $479.01M (2025); the minimum reading of $0 dates to 1998.
Among 8 Real Estate peers, SBA Communications (SBAC) ranks 9th; the peer median for dividends paid is $2.55B.
SBA Communications Dividends Paid 2025: $479.01M
SBA Communications dividends paid in 2025 was $479.01M, grew 12.9% from 2024. This figure represents the highest annual value in the available history.
SBA Communications Dividends Paid 2024: $424.19M
SBA Communications dividends paid in 2024 was $424.19M, grew 14.7% from 2023.
SBA Communications Dividends Paid 2023: $369.96M
SBA Communications dividends paid in 2023 was $369.96M, grew 20.6% from 2022.
SBA Communications Dividends Paid 2022: $306.77M
SBA Communications dividends paid in 2022 was $306.77M, grew 21.0% from 2021.
SBA Communications Dividends Paid 2021: $253.58M
SBA Communications dividends paid in 2021 was $253.58M.
See more financial history for SBA Communications (SBAC).
Sector peers by dividends paid
Companies in the same sector as SBA Communications, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| Prologis (PLD) | $3.76B | Real Estate |
| American Tower (AMT) | $3.16B | Real Estate |
| Realty Income (O) | $2.92B | Real Estate |
| Simon Property Group (SPG) | $2.79B | Real Estate |
| Public Storage (PSA) | $2.30B | Real Estate |
| Welltower (WELL) | $1.88B | Real Estate |
| Equinix (EQIX) | $1.86B | Real Estate |
| Digital Realty Trust (DLR) | $1.73B | Real Estate |
Frequently asked questions
Does SBA Communications pay dividends?
Yes, SBA Communications (SBAC) pays quarterly dividends of approximately $4.58 per share annually, yielding 2.20%.
What is SBA Communications's dividend yield?
SBA Communications (SBAC) has a current dividend yield of 2.20%.
Is SBA Communications's dividend safe?
SBA Communications (SBAC) passes 5 out of 7 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has SBA Communications increased its dividend?
SBA Communications (SBAC) has 7 consecutive years of dividend increases.
What is SBA Communications's dividend payout ratio?
SBA Communications (SBAC) has a dividend payout ratio of 48.2%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is SBA Communications's dividends paid?
Latest reported dividends paid for SBA Communications (SBAC) is $491.93M (period ending March 31, 2026).
How has SBA Communications dividends paid changed year-over-year?
SBA Communications (SBAC) dividends paid changed +12.9% year-over-year on the latest annual filing.
What is the long-term growth rate of SBA Communications dividends paid?
SBA Communications (SBAC) dividends paid compound annual growth rate is +18.2% over the most recent 5 years available.
When did SBA Communications dividends paid hit its highest annual value?
SBA Communications dividends paid reached its highest annual value of $479.01M in 2025.
What was SBA Communications dividends paid in 2024?
SBA Communications (SBAC) dividends paid in 2024 was $424.19M.
What was SBA Communications dividends paid in 2025?
SBA Communications (SBAC) dividends paid in 2025 was $479.01M.
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