Company: SBAC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001034054-25-000002
Chunk: 61

Company: SBA COMMUNICATIONS CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 9B
Chunk 61
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 Total number of shares purchased (in millions) (1)  0.9   0.5   1.3Average price per share (1)$ 213.85 $ 197.89 $ 332.00Total purchase price (in millions) (1)$ 200.0 $ 100.0 $ 431.6 (1)Amounts reflected are based on the trade date and differ from the Consolidated Statements of Cash Flows which reflects share repurchases based on the settlement date.DividendsAs a REIT, the Company is required to distribute annually at least 90% of its REIT taxable income after the utilization of any available NOLs (determined before the deduction for dividends paid and excluding any net capital gain). As of December 31, 2024, $337.7 million of the federal NOLs are attributes of the REIT. The Company may use these NOLs to offset its REIT taxable income, and thus any required distributions to shareholders may be reduced or eliminated until such time as the Company’s NOLs have been fully utilized. The amount of future distributions will be determined, from time to time, by the Board of Directors to balance the Company’s goal of increasing long-term shareholder value and retaining sufficient cash to implement the Company’s current capital allocation policy, which prioritizes investment in quality assets that meet the Company’s return criteria, and then stock repurchases when the Company believes its stock price is below its intrinsic value. The actual amount, timing, and frequency of future dividends will be at the sole discretion of the Board of Directors and will be declared based upon various factors, many of which are beyond the Company’s control.For the year ended December 31, 2024, the Company paid the following cash dividends:                    Payable to Shareholders        of Record at the Close Cash Paid Aggregate Amount  Date Declared of Business on Per Share Paid Date Paid         February 26, 2024 March 14, 2024 $0.98 $108.1 million (1) March 28, 2024April 29, 2024 May 23, 2024 $0.98 $105.3 million June 18, 2024July 28, 2024 August 22, 2024 $0.98 $105.3 million September 18, 2024October 27, 2024 November 14, 2024 $0.98 $105.4 million December