American Tower Corporation Declares Quarterly Dividend of $1.79 (NYSE:AMT)

American Tower Corporation (NYSE:AMT – Get Free Report) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Friday, June 12th will be paid a dividend of 1.79 per share by the real estate investment trust on Monday, July 13th. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, June 12th.

American Tower has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. American Tower has a dividend payout ratio of 100.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect American Tower to earn $11.22 per share next year, which means the company should continue to be able to cover its $7.16 annual dividend with an expected future payout ratio of 63.8%.

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American Tower Trading Down 0.2%

Shares of AMT opened at $183.72 on Friday. American Tower has a 52-week low of $165.08 and a 52-week high of $234.33. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.07. The firm’s fifty day moving average is $177.38 and its two-hundred day moving average is $179.09. The stock has a market cap of $85.59 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 0.77 and a beta of 0.90.

American Tower (NYSE:AMT – Get Free Report) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $1.24. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the previous year, the company posted $2.75 EPS. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Research analysts forecast that American Tower will post 10.67 earnings per share for the current fiscal year.

About American Tower

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American Tower (NYSE: AMT) is a real estate investment trust (REIT) that owns, operates and develops wireless and broadcast communications infrastructure. The company’s core business is leasing space on communications sites — including towers, rooftops and other structures — to wireless carriers, broadcasters, government agencies and enterprise customers. Its business model centers on long-term site leases and contracts that provide recurring revenue tied to the footprint and density of wireless networks.

Beyond traditional tower assets, American Tower offers a range of infrastructure and network services to support mobile, broadband and broadcast connectivity.

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