Crown Castle International (NYSE: CCI) recently capped off a terrific year by reporting strong fourth-quarter results. The real estate investment trust (REIT) grew its adjusted funds from operations (AFFO) by 14%. That helped support an 11% increase in its dividend, pushing the yield up to 3.4%, more than double the yield on the S&P 500 .
One of the big drivers of last year's strong showing is the mobile industry's upgrade to 5G , which requires more communications infrastructure to support the faster network. Crown Castle believes this upgrade cycle will drive continued growth for years to come, which should enable it to create lots of value for investors.
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This High-Yield Dividend Stock Sees 5G Powering Unstoppable Growth