Sustainable dividends from cell-tower providers poised for growth
Sustainable dividends from cell-tower providers poised for growth.
The screen
Telus Corp. T-T is exploring a possible sale of 49.5 per cent of its cell-tower network in an effort to pay down debt. That stake could attract as much as $1-billion, while keeping Telus in control of a network with some 3,000 towers spread across key markets.
Like Telus, all tower companies own and operate the physical structures, themselves, but it falls to the mobile network operators that lease space on those structures to install and maintain their broadcast equipment. As our TSI analysts point out, the arrangement makes for a diversity of customers leasing space on any given tower.
Our search started with dividend-paying cell-tower operators. From there, we focused on established players well positioned for cash-flow growth as demand rises and the industry's high barriers to entry keep out new competitors. From there, we applied our TSI Dividend Sustainability Rating System, awarding points to a stock based on key factors:
Companies with 10 to 12 points have the most secure dividends, or the highest sustainability. Those with seven to nine points have above average sustainability; average sustainability, four to six points; and below average sustainability, one to three points.
More about TSI Network
TSI Network is the online home of The Successful Investor Inc. – the group of widely followed Canadian investment newsletters by editor and publisher Pat McKeough. They include our award-winning flagship newsletter, The Successful Investor, and the TSI Dividend Advisor. TSI Network is also affiliated with Successful Investor Wealth Management.
What we found
Our TSI Dividend Sustainability Rating System generated five stocks. American Tower Corp. AMT-N, based in Boston, is the largest independent operator of wireless telecom and broadcast towers, with more than 149,000 sites worldwide. Headquartered in Houston, Tex., Crown Castle Inc. CCI-N owns and operates more than 40,000 cell towers throughout the U.S. Not that the company is planning to sell its fibre business and will cut its dividend by 32.1 per cent later this year to reflect the loss of those assets. SBA Communications Corp., SBAC-Q based in Boca Raton, Fla., owns and operates towers, principally in the U.S., but also South America, Central America, Canada and Africa; all together, that's almost 40,000 towers. DigitalBridge Group Inc., DBRG-N also headquartered in Boca Raton, is a global digital infrastructure investment firm. The company owns, invests in and operates businesses such as cell towers and data centres. These interests include Vertical Bridge, with more than 17,000 towers. And finally, Vancouver's Telus continues to profit from selling telecom services to Canadians. The unlocking of value with the sale of the cell-tower stake, combined with Telus's move to retain controlling interest, will further support its high dividend.
We advise investors to do additional research on investments we identify here.
Scott Clayton, MBA, is senior analyst for TSI Network and associate editor of TSI Dividend Advisor.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
National Post
16 minutes ago
- National Post
Fitch Learning Agrees to Acquire Moody's Analytics Learning Solutions and the Canadian Securities Institute
Article content NEW YORK — Fitch Learning, a global leader in financial learning and professional certifications, today announced it has signed an agreement with Moody's to acquire two of their businesses, Moody's Analytics Learning Solutions (MALS), a global provider of credit training and the Canadian Securities Institute (CSI), a leading provider of professional certifications for the Canadian financial services industry. Article content The acquisition will enhance the customer experience by offering a broader array of financial services career development and professional certifications, including learning solutions for commercial banking, consumer banking and investment management. Article content 'This agreement reinforces our commitment to meeting a growing demand for upskilling and continued professional development in the financial services sector. As organizations increasingly invest in learning and development to boost employee retention and staff capabilities, our solutions will help empower their teams, and ultimately drive organizational growth,' said Andreas Karaiskos, Chief Executive Officer, Fitch Learning. Article content The terms of the transaction were not disclosed. The acquisition is expected to close in the fourth quarter following the satisfaction of customary closing conditions, including the receipt of applicable regulatory approvals. Article content 'This acquisition represents a pivotal step in our commitment to equipping finance professionals with the knowledge and skills required for an increasingly complex marketplace. Through this transaction, we are expanding the boundaries of financial education and delivering greater value and opportunity worldwide. We look forward to continuing to serve our students and clients and to welcoming new members to the Fitch Learning community,' concluded Mr. Karaiskos. Article content Fitch Learning partners with its clients to deepen knowledge, develop skills, and enhance conduct by delivering positive business outcomes. With centers in established financial hubs including New York, Toronto, London, Dubai, Riyadh, Singapore, and Hong Kong, it is committed to understanding complex client needs across fast-paced financial markets globally. Fitch Learning's portfolio includes the Certificate in Quantitative Finance Institute (CQFi), a leading provider of advanced quantitative finance education, and the Global Institute of Credit Professionals, dedicated to advancing excellence in credit education and standards worldwide. Fitch Learning is part of Fitch Group, a global leader in financial information services with operations in 30 countries. To learn more about how Fitch Learning develops the world's financial professionals, visit Article content Article content Article content Article content Article content Contacts Article content Media Contacts: Article content Article content Alayna Francis Article content Article content Article content
CTV News
16 minutes ago
- CTV News
CPP Investments earned 1.0 per cent in first quarter, net assets totalled US$731.7 billion
Signage is seen in the reception of CPP Investments' Toronto offices. THE CANADIAN PRESS/Chris Young TORONTO — The Canada Pension Plan Investment Board says it earned a net return of 1.0 per cent for its first quarter. CPP Investments chief executive John Graham says shifting trade dynamics and broader geopolitical uncertainty fuelled renewed volatility in global markets during the quarter. The fund noted that while markets declined early in the period, public equities rebounded by quarter end, contributing to overall performance. The investment manager says net assets stood at US$731.7 billion at June 30, up from $714.4 billion at the end of the previous quarter. It says the increase included $7.5 billion in net income and $9.8 billion in net transfers from the Canada Pension Plan. The fund noted it routinely receives more CPP contributions than required to pay benefits during the first part of the calendar year, partially offset by benefit payments exceeding contributions in the final months of the year. This report by The Canadian Press was first published Aug. 14, 2025.
National Post
16 minutes ago
- National Post
Thunderbird Entertainment to Present and Host 1x1 Meetings at the 16th Annual Midwest IDEAS Investor Conference on August 27, 2025
This advertisement has not loaded yet, but your article continues below. VANCOUVER, British Columbia — Thunderbird Entertainment Group Inc. (TSXV: TBRD, OTCQX: THBRF) ('Thunderbird' or 'the Company') a global award-winning, full-service multiplatform production, distribution and rights management company, headquartered in Vancouver, with teams in Los Angeles and Ottawa, is pleased to announce that management will participate in the 16th Annual Midwest IDEAS Investor Conference at The InterContinental Chicago Magnificent Mile on August 27, 2025. THIS CONTENT IS RESERVED FOR SUBSCRIBERS Enjoy the latest local, national and international news. Exclusive articles by Conrad Black, Barbara Kay and others. Plus, special edition NP Platformed and First Reading newsletters and virtual events. Unlimited online access to National Post. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles including the New York Times Crossword. Support local journalism. SUBSCRIBE FOR MORE ARTICLES Enjoy the latest local, national and international news. Exclusive articles by Conrad Black, Barbara Kay and others. Plus, special edition NP Platformed and First Reading newsletters and virtual events. Unlimited online access to National Post. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors The Company will host one-on-one investor meetings throughout the day, with their presentation scheduled for 3:30-4:05 PM CT on August 27th. Jennifer Twiner McCarron, Chief Executive Officer, and Simon Bodymore, Chief Financial Officer, will be attending the conference on behalf of Thunderbird Entertainment. The presentation will be webcast live and can be accessed through the investor relations section at Thunderbird Entertainment – Investors – Events & Presentations. A replay will be available shortly after the presentation has concluded. To schedule a one-on-one meeting, please contact the Three Part Advisors conference team at (817) 769-2373 or lwesley@ Thunderbird Entertainment Thunderbird Entertainment (TSXV: TBRD, OTCQX: THBRF) is a global award-winning, full-service multiplatform production, distribution and rights management company, headquartered in Vancouver, with teams in Los Angeles and Ottawa. Thunderbird creates award-winning scripted, unscripted, and animated programming for the world's leading digital platforms, as well as Canadian and international broadcasters. The Company develops, produces, and distributes animated, factual, and scripted content through its various content arms, including Thunderbird Kids and Family (Atomic Cartoons), Thunderbird Unscripted (Great Pacific Media) and Thunderbird Scripted. Productions under the Thunderbird umbrella include Mermicorno: Starfall, Super Team Canada, Molly of Denali, Highway Thru Hell, Kim's Convenience, Boot Camp and Sidelined: The QB and Me. Thunderbird Distribution and Thunderbird Brands manage global media and consumer products rights, respectively, for the Company and select third parties. Thunderbird is on Facebook, X, and Instagram at @tbirdent. For more information, visit: Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of TSXV) accepts responsibility for the adequacy or accuracy of this release, which has been prepared by management. Cautionary Statement Regarding Forward-Looking Information Certain statements contained in this news release may contain forward-looking information or may be forward-looking statements (collectively, 'forward-looking statements') within the meaning of applicable securities laws. Forward-looking statements may be identified by words such as 'anticipate', 'continue', 'estimate', 'expect', 'forecast', 'may', 'will', 'plan', 'project', 'should', 'believe', 'intend', or similar expressions concerning matters that are not historical facts. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; product capability and acceptance; international risk and currency exchange rates; and technology changes. The forward-looking statements or information contained in this document represent Thunderbird's views as of the date hereof and as such information should not be relied upon as representing Thunderbird's views as of any date subsequent to the date of this document. The Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements or information. View source version on Thunderbird Communications Julia Smith, Finch Media Email: Julia@ Three Part Advisors, LLC: Sandy Martin: smartin@ 214-616-2207 Steven Hooser: shooser@ 214-872-2710 This advertisement has not loaded yet.
