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

American Tower Corporation (NYSE:AMT) declared a quarterly dividend on Friday, September 18th. Investors of record on Wednesday, September 30th will be paid a dividend of 1.79 per share by the real estate investment trust on Tuesday, October 20th. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, September 30th.

American Tower has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 12 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 fall. Research analysts expect American Tower to earn $11.35 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 63.1%.

American Tower Price Performance

AMT stock opened at $174.00 on Friday. American Tower has a one year low of $160.06 and a one year high of $197.40. The firm has a 50-day moving average of $173.01 and a two-hundred day moving average of $176.76. The firm has a market capitalization of $81.07 billion, a PE ratio of 23.93, a P/E/G ratio of 2.82 and a beta of 0.89. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 3.12.

American Tower (NYSE:AMT) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, topping the consensus estimate of $1.57 by $1.14. The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.70 billion. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted $2.60 earnings per share. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. On average, analysts forecast that American Tower will post 10.8 earnings per share for the current year.

American Tower Company Profile

American Tower Corporation (NYSE:AMT) is a global owner, operator and developer of wireless communications infrastructure. The company leases space on communications sites, including towers, rooftops and other structures, to wireless carriers, broadcasters, government agencies and other customers. Its infrastructure supports wireless networks and the transmission of voice, data and video services.

In addition to traditional macro towers, American Tower provides distributed antenna systems and other in-building or venue-based communications solutions designed to improve wireless coverage and capacity.