SBAC · 10-Q · 2026Q3 · Full report

Capital Return Program

SBA COMMUNICATIONS CORP · 2026-11-05 · Importance 58 · Surprise 24 · Contradicted

During the nine months ended September 30, 2026, SBA repurchased 1.7 million Class A shares for $302.2 million at an average price of $179.75 per share. It paid $399.1 million in common-stock dividends during the nine-month period, including three quarterly payments of $1.25 per share. Subsequent to September 30, 2026, the company declared another $1.25-per-share dividend, payable December 10, 2026, to shareholders of record November 12, 2026.

Key facts

• On November 1, 2026, SBA declared a $1.25 per-share cash dividend payable December 10, 2026, to shareholders of record November 12, 2026. source
• During the nine months ended September 30, 2026, SBA repurchased and retired common stock for $302.278 million and paid $399.111 million in common-stock dividends. source
• During the nine months ended September 30, 2026, SBA purchased 1.7 million shares of Class A common stock for $302.2 million at an average price of $179.75 per share. source
• SBA paid a $1.25 per-share cash dividend totaling $135.2 million on March 27, 2026, to shareholders of record March 13, 2026. source
• SBA paid a $1.25 per-share cash dividend totaling $132.7 million on June 17, 2026, to shareholders of record May 22, 2026. source
• SBA paid a $1.25 per-share cash dividend totaling $131.3 million on September 17, 2026, to shareholders of record August 20, 2026. source
• SBA does not expect its dividend to require changes in leverage and expects cash flow generation to permit future cash dividend growth, subject to Board approval of timing and amount. source
• SBA's capital allocation strategy includes stock repurchases and returning cash through dividends. source

Impact estimates