Current Yield
2.61%
TTM Dividend/Share
$4.72
Payment Frequency
Quarterly
Payout Ratio
49.6%
Consecutive Growth Years
7 (Dividend Challenger)
Key takeaways
- Dividend Challenger — SBA Communications (SBAC) has raised its dividend for 7 consecutive years.
- SBA Communications (SBAC) currently yields 2.61%, paying $4.72 per share over the trailing twelve months, distributed quarterly.
- Payout ratio is 49.6% — the share of earnings distributed as dividends.
- 6 of 7 dividend safety checks passed.
- 5-year dividend CAGR of 19.01% (growth is decelerating).
Dividend yield valuation for SBA Communications (SBAC)
Current dividend yield vs its own 1Y / 3Y / 5Y historical averages — a rough valuation signal.
Valuation zone | Above average — potential buy zone |
Current yield (now) | 2.61% |
1-year average yield | 2.31%now 0.30 pp above |
3-year average yield | 1.86%now 0.75 pp above |
5-year average yield | 1.43%now 1.18 pp above |
SBAC: a yield above its history can signal value (or risk); below can signal a rich price. One valuation signal among many — review fundamentals before investing.
Dividend health for SBA Communications (SBAC)
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | 21.6% |
FCF payout ratio | 13.3% |
Net debt / EBITDA | 7.2x |
Interest coverage | 3.59x |
ROIC (TTM) | 13.0% |
Dividend safety score for SBA Communications (SBAC)
Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.
6 of 7 checks passed
Payout ratio below 75%
Payout ratio is 49.6%, well below the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $526M — FCF fully covers the payout.
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 7.2x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (19.0%) ≤ EPS growth (36.6%) — sustainable.
This analysis is for informational purposes only and is not financial advice. Safety scores and comparisons reflect historical data and do not predict future performance.
Per-payment dividend history
28 payments from 2019 to 2026 · Adj. Dividend is split-adjusted
| 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 |
- May 22, 2026$1.2500
- Mar 13, 2026$1.2500
- Nov 13, 2025$1.1100
- Aug 21, 2025$1.1100
- May 22, 2025$1.1100
- Mar 13, 2025$1.1100
- Nov 14, 2024$0.9800
- Aug 22, 2024$0.9800
- May 22, 2024$0.9800
- Mar 13, 2024$0.9800
- Nov 15, 2023$0.8500
- Aug 23, 2023$0.8500
Historical dividend yield for SBA Communications (SBAC)
Mean trailing dividend yield using one ratio snapshot per calendar year.Mean yield1Y: 2.31%5Y: 1.43%
Dividend per share for SBA Communications (SBAC)
CAGR (per year)1Y: 13.27%5Y: 19.01%↓ Decelerating
| Year | Total ($/share) | Payments |
|---|---|---|
| 2019 | $0.74 | 2 |
| 2020 | $1.86 | 4 |
| 2021 | $2.32 | 4 |
| 2022 | $2.84 | 4 |
| 2023 | $3.40 | 4 |
| 2024 | $3.92 | 4 |
| 2025 | $4.44 | 4 |
| 2026 | $2.50 | 2 |
Dividend growth for SBA Communications (SBAC)
Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.
Dividend Increase Track Record
Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.
| 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 | — |
- 2026—
- 2025$4.4400
- 2024$3.9200
- 2023$3.4000
- 2022$2.8400
- 2021$2.3200
- 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.
Frequently asked questions
SBA Communications (SBAC) Key Financials
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