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Crown Castle raises FY outlook, dividend

Thursday 22 October 2015 | 10:01 CET | News
Towers operator Crown Castle raised its full-year outlook and dividend after reporting a strong set of third-quarter results. The dividend will increase by 8 percent this year, to USD 3.54 per share, starting with the payment on 31 December. The company is benefiting from the network expansion by US operators and rent increases, helping Q3 site rental revenue rise 7 percent to USD 765 million. Adjusted EBITDA was up 3 percent to USD 529 million, and AFFO rose 7 percent to USD 356 million or USD 1.07 per share, better than the high end of the company's guidance. The results were helped by the

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Categories: Mobile & Wireless
Companies: Crown Castle / Sunesys
Countries: United States
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