Crown Castle International Corp vs iShares iBoxx $ Inv Grade Corporate Bond ETF — how do they compare? Crown Castle International Corp trades at $73.8 (market cap $31.33B), while iShares iBoxx $ Inv Grade Corporate Bond ETF trades at $106.25. The key difference: Crown Castle International Corp pays a 5.77% dividend while iShares iBoxx $ Inv Grade Corporate Bond ETF pays none. Which is the better fit depends on your goals.
| CCI | LQD | |
|---|---|---|
Market Cap | $31.33B | — |
Sector | Real Estate | — |
52-Week High | $103.79 | $112.91 |
52-Week Low | $73.61 | $105.96 |
Enterprise Value | $53.69B | — |
Dividend Yield | 5.77% | — |
Trailing returns across standard periods
Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 85,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company's fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle's towers and fiber are predominantly located in the largest U.S. cities. The company has a very concentrated customer base, with more than 70% of its revenue coming from the big three U.S. mobile carriers. Crown Castle operates as a real estate investment trust.
Read more on CCI →The fund will invest at least 80% of its assets in the component securities of the underlying index, and it will invest at least 90% of its assets in fixed income securities of the types included in the underlying index that the advisor believes will help the fund track the underlying index. The underlying index is designed to provide a broad representation of the US dollar-denominated liquid investment-grade corporate bond market.
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