American Tower Hikes Dividend by 4.9%: Is it Sustainable?

Delighting its shareholders, American Tower Corporation (AMT) announced a 4.9% hike in its quarterly dividend on the company’s common stock to $1.70 per share from$1.62 paid out earlier. The raised dividend is scheduled to be paid out on April 28 to shareholders of record as of April 11, 2025.Based on the new rate, the annualized dividend rate comes to $6.80 per share, up from the prior annual rate of$6.48. This indicates an annualized yield of roughly 3.29%, considering American Tower’s closing price of ...