American Tower Corporation (AMT) To Go Ex-Dividend on June 12th

American Tower Corporation (NYSE:AMT) declared a quarterly dividend on Thursday, May 21st. Stockholders 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 dividend yield of 3.8%. 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 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 Trading Up 0.8%

NYSE AMT opened at $190.67 on Wednesday. The stock has a market capitalization of $88.83 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 0.79 and a beta of 0.90. The stock’s 50 day moving average price is $179.90 and its two-hundred day moving average price is $179.70. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43. American Tower has a 52 week low of $165.08 and a 52 week high of $234.33.

American Tower (NYSE:AMT) last released its earnings results 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 for the quarter, compared to analysts’ expectations of $2.66 billion. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.75 EPS. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. As a group, analysts anticipate 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.