Summary
Crown Castle International Corp. (CCI) filed an 8-K on October 31, 2014, primarily to disclose a quarterly dividend declaration. The company's Board of Directors announced a cash dividend of $0.82 per share of common stock, payable on December 31, 2014, to shareholders of record as of December 19, 2014. This announcement was made following the company's third-quarter 2014 earnings release. Investors should note that this information is furnished under Regulation FD and is not considered 'filed' for purposes of Section 18 of the Exchange Act, meaning it doesn't carry the same liability as formal filings but serves to inform the public in a timely manner.
Key Highlights
- 1Quarterly Dividend Declared: CCI's Board of Directors has declared a quarterly cash dividend of $0.82 per share.
- 2Payment and Record Dates: The dividend is payable on December 31, 2014, with a record date of December 19, 2014.
- 3Regulation FD Disclosure: The information was disclosed via a press release furnished under Regulation FD.
- 4Context of Announcement: The dividend declaration follows the company's third-quarter 2014 earnings release.
- 5No New Financial Events: The 8-K does not report any new material events beyond the dividend announcement.
- 6Furnished Information: The press release is furnished as Exhibit 99.1 and is not deemed 'filed' for liability purposes under Section 18 of the Exchange Act.
Frequently Asked Questions
The primary purpose of this 8-K filing is to publicly announce Crown Castle International Corp.'s declaration of a quarterly dividend and to provide the payment and record dates for that dividend, as was previously indicated in their third-quarter earnings release.
The quarterly dividend declared is $0.82 per share of common stock. It is scheduled to be paid on December 31, 2014, to stockholders who are recorded as shareholders at the close of business on December 19, 2014.
No, this specific 8-K filing on October 31, 2014, is limited to the dividend declaration. It does not report on any other material business developments, financial results, or executive changes.
Information furnished under Regulation FD, as is the press release in this filing, is intended to ensure that material information is broadly disseminated to the public. However, it is not considered 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934. This means the company generally faces less liability for the content of 'furnished' information compared to formally 'filed' information, although it still serves as an important public disclosure.