Crown Castle Inc. (CCI) Trims Dividend by 32%
Crown Castle Inc. (NYSE:CCI) is a Texas-based real estate investment trust company that specializes in providing infrastructure for wireless communication. The company owns and manages over 40,000 cell towers and around 90,000 route miles of fiber that support small cells and fiber solutions across major US markets.
Crown Castle Inc. (NYSE:CCI)'s recent dividend cut didn't come as a major shock to investors, given ongoing challenges from elevated interest rates and tenant-related headwinds. The last time the company raised its dividend was back in 2022, hinting at underlying pressure on its cash flows. In the first quarter of 2025, its operating cash flow dropped to $270 million, reinforcing concerns about financial strain.
In March, Fitch Ratings placed the company on Negative Watch following its decision to sell its fiber business. While Fitch noted that Crown Castle's tower assets remain solid and likely to perform well, the planned divestiture raises concerns about reduced revenue diversity and a smaller overall business footprint.
Crown Castle Inc. (NYSE:CCI) offers a dividend yield of 6.17%, as of May 21. The stock will trade ex-dividend on June 13.
While we acknowledge the potential of CCI as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than CCI but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the .
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