SBA Communications Corporation
SBACReal Estate · Stock · quarterly payer
Forward Yield
2.80%
Annual Dividend
$5.00
Payout Ratio
51%
5-Yr Growth
19.0%
Ex-Date
Aug 20, 2026
Frequency
Quarterly
Summary
As of September 2026, SBA Communications Corporation (SBAC) yields 2.80% ($5.00 per share annually), with a blended fair-value estimate of $110.67 — -38% downside, so it screens as overvalued. Dividend safety grade: B (68/100). 6 years of dividend growth.
Is SBAC a good dividend stock?
Yes, with caveatsSBA Communications Corporation (SBAC) pays a quarterly dividend yielding 2.80% ($5.00/yr), with 6 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Never cut its dividend on record
- Comfortable payout ratio (51%)
- Strong 19.0% 5-yr dividend growth
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 2.80%
- Payout Ratio
- 51%
- Annual Dividend
- $5.00
- 5-Yr Avg Growth
- 19.0%
- Ex-Dividend Date
- Aug 20, 2026
- Years of Growth
- 6
- Frequency
- quarterly
- Beta
- 0.98
- Market Cap
- $18.7B
- P/E Ratio
- 19.0
- 5-Yr Total Return
- -48%
- 52-Week Range
- $162.41 – $224.46
- Dividend Safety
- B · 68/100
- Ever Cut?
- No
Frequently Asked Questions
SBAC Price — Last 12 Months
Daily close
Price Return
1 Year
-7%
3 Years
-14%
5 Years
-48%
52-Week Range
$162.41 – $224.46
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is SBAC worth?
Overvaluedlow confidenceOur blended fair-value estimate for SBA Communications Corporation is $110.67 per share, versus a market price of $178.59. That implies 38% of downside.
Fair Value
$110.67
Current Price
$178.59
Downside
-38%
Margin of Safety
-61%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.2% discount rate (CAPM), 11.4% stage-1 growth, 2.5% terminal growth, $9.27 EPS, $5.00 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
SBAC Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 20, 2026 | — | $1.2500 | regular |
| May 22, 2026 | — | $1.2500 | regular |
| Mar 13, 2026 | — | $1.2500 | regular |
| Nov 13, 2025 | — | $1.1100 | regular |
| Aug 21, 2025 | — | $1.1100 | regular |
| May 22, 2025 | — | $1.1100 | regular |
| Mar 13, 2025 | — | $1.1100 | regular |
| Nov 14, 2024 | — | $0.9800 | regular |
| Aug 22, 2024 | — | $0.9800 | regular |
| May 22, 2024 | — | $0.9800 | regular |
| Mar 13, 2024 | — | $0.9800 | regular |
| Nov 15, 2023 | — | $0.8500 | regular |
| Aug 23, 2023 | — | $0.8500 | regular |
| May 25, 2023 | — | $0.8500 | regular |
Income Calculator
At $5.00 / yr per share
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