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CCI - This Cell Tower Stock Sees Tremendous Growth Ahead
Crown Castle International Corp.
Crown Castle International (NYSE: CCI) presents the classic argument for a buy and hold: a strong company with a great track record in a growth market. And there are reasons to believe that growth could be particularly strong for this real estate investment trust (REIT).
In the past 10 years, a $10,000 investment in this major player in the cell tower industry would have grown to about $38,600 -- a compound annual growth rate of about 14.5% -- and it's currently yielding about 3.5% after raising its dividend for seven straight years.