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Crown Castle Inc. (NYSE:CCI) owns, operates and leases more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market.

It will report its Q3 2024 earnings on Oct. 16, after the market close. Wall Street analysts expect the company to post an EPS of $1.80, up from $1.77 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $1.64 billion, down from $1.67 billion in the year-ago period.

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The 52-week Crown Castle stock price range was $84.72 to $120.92.

Crown Castle’s dividend yield is 5.59%. During the last 12 months, it paid $6.26 per share in dividends.

The Latest On Crown Castle

On July 17, the company reported its Q2 2024 earnings, posting an FFO of $1.62, compared to the consensus estimate of $1.66 and revenues of $1.58 billion, compared to the consensus of $1.62 billion, as reported by Benzinga. 

"Our second quarter results demonstrated the durability and consistency of Crown Castle's business and we remain on track to deliver our full-year outlook for organic revenue growth of 4.5% in towers, 2% in fiber solutions and double digits in small cells, adjusted for the impact of Sprint Cancellations," said Steven Moskowitz, Crown Castle's Chief Executive Officer.

Check out this article by Benzinga to learn how much you would have made if you had invested $1,000 In Crown Castle stock 20 years ago.

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How Can You Earn $100 Per Month As A Crown Castle Investor?

If you want to make $100 per month –$1,200 annually – from Crown Castle dividends, your investment value needs to be approximately $21,467, which is around 192 shares at $112.03 each. 

Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (5.59% in this case). So, $1,200 / 0.0559 = $21,467 to generate an income of $100 per month.

You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.

The dividend yield can change over time as a result of fluctuating stock prices and dividend payments on a rolling basis.

For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).

In summary, income-focused investors may find Crown Castle stock an attractive option for making a steady income of $100 per month by owning 192 shares of stock. There may be more upside as investors benefit from the company's consistent dividend hikes. Crown Castle has raised its dividend consecutively for the last 10 years. 

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This article How Much Would It Take To Earn $100 A Month From Crown Castle Stock originally appeared on Benzinga.com