American Tower stock dividend – American Tower Increases Quarterly Dividend by 4.9% to $1.70/Share
December 15, 2023
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American Tower ($NYSE:AMT) Corporation, one of the largest global REITs (Real Estate Investment Trusts) in the world, has recently announced an increase to its quarterly dividend by 4.9%, bringing it to $1.70 per share. This increase in dividend comes as a result of the company’s strong financial performance during the past year, with strong growth in revenue and cash flow. The company is continuing to invest in its infrastructure and expand its global portfolio of towers, which should provide a solid foundation for future dividend increases in the future.
The company’s commitment to increasing its dividend is a testament to its strength and stability, and is a great sign for investors who are looking for reliable dividend growth. With the increased dividend, American Tower is sure to remain attractive to both income-focused and growth-focused investors alike.
Dividends – American Tower stock dividend
American Tower has continued to remain committed to its shareholders by increasing its quarterly dividend to $1.70 per share, which is a 4.9% increase from the last three years. In 2021, the dividend per share was 4.69 USD, 5.86 USD in 2022 and 5.21 USD in 2023. This provides investors with a total dividend yield of 3.01%, 2.57% and 1.94% respectively, yielding an average dividend yield of 2.51%. The company’s consistent payouts and reliable performance make it an attractive stock for dividend-seeking investors.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for American Tower. More…
| Total Revenues | Net Income | Net Margin |
| 11.06k | 714.6 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for American Tower. More…
| Operations | Investing | Financing |
| 4.77k | -2.01k | -2.74k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for American Tower. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 65.65k | 54.42k | 9.72 |
Key Ratios Snapshot
Some of the financial key ratios for American Tower are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 31.7% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
At GoodWhale, our analysis of AMERICAN TOWER‘s financials has revealed it to be a ‘cow’ type of company, one that has the track record of paying out consistent and sustainable dividends. This makes it an attractive proposition for dividend-seeking investors, who are likely to be interested in the company’s strong dividend performance. In terms of other financial metrics, AMERICAN TOWER has a medium score for asset, growth, and profitability. Additionally, its health score is an intermediate 5 out of 10, reflecting its ability to pay off debt and fund future operations with its cash flows and debt. All in all, AMERICAN TOWER is an attractive option for dividend-seeking investors. More…
Peers
The company owns and operates more than 40,000 wireless communication sites across the country. American Tower Corp’s main competitors are SBA Communications Corp, CyrusOne Inc, and Equinix Inc.
– SBA Communications Corp ($NASDAQ:SBAC)
SBA Communications Corporation is a holding company that operates as a real estate investment trust (REIT), which is engaged in the ownership and leasing of wireless communications infrastructure, including antenna sites, towers, other structures, and supporting assets.
As of December 31, 2020, the Company owned or operated approximately 40,000 communication sites in the United States, Brazil, Canada, Chile, Colombia, Germany, Guatemala, India, Mexico, Peru, South Africa, and Spain.
– CyrusOne Inc ($NASDAQ:EQIX)
Equinix is a company that provides data center and interconnection services to a variety of customers. Its market cap as of 2022 is 47.86B. The company has a variety of products and services that it offers to its customers, which include data center services, interconnection services, and a variety of other services.
Summary
American Tower Corporation has increased its quarterly dividend by 4.9%, to $1.70 per share. The company’s strong balance sheet and consistent operating performance has enabled it to increase investor returns through both dividend increases and share repurchases. Investors should consider American Tower as a long-term investable asset due to its consistent growth and stability.
