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

Key Points

• American Tower declared a quarterly dividend of $1.79 per share, payable October 20 to shareholders of record on September 30; the annualized dividend is $7.16, yielding approximately 4.1%.
• The dividend has been increased for 12 consecutive years, but the current payout ratio is 100% of earnings. Analysts expect next year’s earnings to improve dividend coverage, with a projected payout ratio of 63.1%.
• American Tower’s latest quarterly results exceeded expectations, with EPS of $2.71 versus the $1.57 consensus and revenue of $2.75 billion, up 4.6% year over year; shares closed down 0.9% at $174.

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

American Tower has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 12 consecutive 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 decline. 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 Stock Down 0.9%

Shares of NYSE AMT traded down $1.58 during trading on Friday, reaching $174.00. The company had a trading volume of 3,651,771 shares, compared to its average volume of 3,054,506. American Tower has a 12-month low of $160.06 and a 12-month high of $197.40. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 3.12. The business's 50-day moving average is $172.90 and its 200 day moving average is $176.78. The stock has a market cap of $81.07 billion, a PE ratio of 23.93, a P/E/G ratio of 2.83 and a beta of 0.89.

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

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