American Tower (AMT) will raise its quarterly dividend by 6.1 percent to $1.39 per share. This is the fourth increase announced in 2021 and marks the 9st consecutive year of dividend increases by AMT. The new dividend yield for AMT is 2.0% at a stock price of $279 and the next ex-dividend date is December 23, 2021.
American Tower Corporation is one of the largest global Real Estate Investment Trusts (REITs) and a independent owner, operator and developer of multitenant communications real estate. The company's primary business is the leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities and tenants in a number of other industries. In addition, AMT offers tower-related services in the United States. The company's communications real estate portfolio includes over sites in the United States, Asia, Europe, Middle East and Africa (EMEA) and Latin America. American Tower Corporation was originally created as a subsidiary of American Radio Systems Corporation in 1995 and was spun off into a free-standing public company in 1998.