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

American Tower Corporation (NYSE:AMT) declared a quarterly dividend on Thursday, May 21st. Shareholders of record on Friday, June 12th will be given a dividend of 1.79 per share by the real estate investment trust on Monday, July 13th. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend 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 every year for the last 1 years. American Tower has a dividend payout ratio of 100.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research 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%.

American Tower Stock Performance

AMT opened at $183.72 on Friday. American Tower has a 12-month low of $165.08 and a 12-month high of $234.33. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 3.07. The firm has a market capitalization of $85.59 billion, a PE ratio of 29.68, a P/E/G ratio of 0.77 and a beta of 0.90. The firm has a 50 day moving average of $177.38 and a two-hundred day moving average of $179.09.

American Tower (NYSE:AMT) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.66 billion. During the same period last year, the firm posted $2.75 EPS. American Tower’s revenue for the quarter was up 6.8% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, analysts anticipate that American Tower will post 10.67 EPS for the current year.

About American Tower

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.