SBAC Stock — SBA Communications Corp.

SBA Communications Corp. (SBAC)

SBAC is a Stock. its distribution rate is 2.80%, its trailing-12-month yield is 2.76%. Dividend Vision Distribution Safety Score™ is 76/100 (Generally safe). Total return is 2087.7% over the past 27.3 years, 1251.8 points ahead of SPY at 835.9%.

At the current 2.80% distribution rate, a $10,000 investment would generate approximately $280 per year, or about $70.00 per quarter if the next payment matches the last regular one.

SBA Communications Corporation owns and operates wireless communications infrastructure across the Americas and Africa, including towers, buildings, rooftops, distributed antenna systems, and small cells in a portfolio exceeding 46,000 sites. The company pays a modest current distribution rate on a quarterly basis and is structured as a real estate investment trust. The business appeals to income investors seeking exposure to the essential telecommunications infrastructure sector.

SBAC performance versus SPY

Price and return data through 2026-09-22.

Total return is 2087.7% over the past 27.3 years, 1251.8 points ahead of SPY at 835.9%. Over the past year its total return — price change plus distributions reinvested — is -8.9%. Its deepest 1-year drawdown was 22.4%.

SBAC key facts

Distribution Safety Score™

76 · Generally safe

Safety-Adjusted Yield

2.13%

Asset type

Stock

Asset class

Equity

Inception date

06/16/1999

Distribution rate

2.80%

Distribution frequency

Quarterly

Trailing yield

2.76%

5-year average yield

1.54

Last close

$175.84 (as of 2026-09-22)

Market cap

$18,654,533,262

Average volume

704297.0

Last dividend

$1.25

Last ex-dividend date

08/20/2026

Last payment date

09/17/2026

Beta

0.984

Payout ratio

0.4783

P/E ratio

18.97

Forward P/E

18.6567

EPS

$9.27

How Dividend Vision calculates yield and returns

Distribution rate (2.80%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (2.76%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

SBAC risks and drawbacks

SBAC's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 22.4%.

Who may consider SBAC — and who may not

SBAC may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (SBAC pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Frequently asked questions