50% Off And A 6% Dividend… Is Crown Castle REIT Royalty?
Key Points Crown Castle is trading 50% below its January 2021 record peak and has a forward dividend yield that has doubled to 6%.Unlike most REITs that invest in buildings, Crown Castle owns, manages and leases cell towers to a single tenant or multiple tenants.T-Mobile, AT&T and Verizon combined account for approximately three-fourths of total revenue.Crown Castle has increased its dividend for eight consecutive years but the current dividend payout is unsustainable.5 stocks we like better than Crown CastleA seven-day slide has real estate investment trust (REIT) Crown Castle (NYSE:CCI) trad...