SBAC - SBA Communications Q4: A Dividend Growth Machine For Your Income Portfolio

2024-04-15 17:00:00 ET

Summary

• SBA Communications is a REIT focused on owning and operating cell towers, offering income stability and strong dividend growth over the past 5 years.
• The company's financial performance during fiscal year '23 showed a beat on FFO but a decline in revenue in Q4.
• Despite the challenges faced by REITs, SBAC managed to post growth in revenue and double-digit growth in FFO and net income.
• If interest rates remain higher for longer, SBAC's share price will continue to see volatility.
• SBA Communications has grown their dividend nearly 165% in the past 5 years, and with a current low payout ratio of less than 30%, this will likely continue for the foreseeable future.

Introduction

If you're an income-focused investor looking for a steady stream of income, and for potential high growth for the foreseeable future, then you may want to consider SBA Communications ( SBAC ), a REIT focused on owning and operating cell towers. REITs are typically known for their income stability and reliability while offering some low-to-mid single digit growth....

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