American Tower Corporation (NYSE:AMT) Plans Dividend Increase – $1.79 Per Share

American Tower Corporation (NYSE:AMT) declared a quarterly dividend on Thursday, March 5th. Shareholders of record on Tuesday, April 14th will be given a dividend of 1.79 per share by the real estate investment trust on Tuesday, April 28th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date is Tuesday, April 14th. This is a 5.3% increase from American Tower’s previous quarterly dividend of $1.70.

American Tower has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 1 years. American Tower has a dividend payout ratio of 95.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect American Tower to earn $10.00 per share next year, which means the company should continue to be able to cover its $6.80 annual dividend with an expected future payout ratio of 68.0%.

American Tower Stock Down 1.7%

American Tower stock opened at $187.52 on Friday. The stock’s 50 day moving average price is $180.35 and its 200 day moving average price is $185.25. American Tower has a 1-year low of $166.88 and a 1-year high of $234.33. The company has a market cap of $87.79 billion, a PE ratio of 34.79, a price-to-earnings-growth ratio of 0.80 and a beta of 0.92. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.60 and a quick ratio of 0.60.

American Tower (NYSE:AMT) last released its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.79). The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.69 billion. American Tower had a net margin of 23.76% and a return on equity of 24.36%. American Tower’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business posted $2.62 EPS. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. On average, sell-side analysts predict that American Tower will post 10.14 EPS for the current fiscal year.

American Tower Company Profile

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.