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

American Tower Corporation (NYSE:AMT) announced 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) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, June 12th.

American Tower has increased its dividend payment 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 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 decline. 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 Trading Down 0.2%

NYSE:AMT opened at $183.72 on Friday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market cap of $85.59 billion, a price-to-earnings ratio of 29.68, a price-to-earnings-growth ratio of 0.77 and a beta of 0.90. American Tower has a 52 week low of $165.08 and a 52 week high of $234.33. The firm has a 50-day moving average price of $177.38 and a two-hundred day moving average price of $179.09.

American Tower (NYSE:AMT) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, beating the consensus estimate of $1.60 by $1.24. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.66 billion. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $2.75 EPS. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, equities analysts expect that American Tower will post 10.67 earnings per share for the current fiscal 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.