Summary
Crown Castle Inc. (CCI) filed an 8-K on October 21, 2016, primarily to disclose its quarterly dividend declaration. The company's Board of Directors has approved a dividend of $0.95 per share of common stock. This dividend is scheduled to be paid on December 30, 2016, to stockholders who are on record as of the close of business on December 16, 2016. This announcement provides important information for income-focused investors regarding the company's capital return policy. This filing serves as a formal notification of the dividend, reinforcing previous announcements made during the company's third quarter 2016 earnings release. While the 8-K itself does not contain new financial statements or extensive operational details, it formally furnishes the press release detailing this dividend action as an exhibit, ensuring compliance with Regulation FD disclosure requirements.
Key Highlights
- 1Quarterly dividend declared: $0.95 per share of common stock.
- 2Dividend payment date: December 30, 2016.
- 3Record date for dividend: December 16, 2016.
- 4This information was previously announced in the Q3 2016 earnings release.
- 5The filing is a Regulation FD disclosure event.
- 6The press release detailing the dividend is furnished as Exhibit 99.1.