American Tower Corporation announced that its Board of Directors declared a quarterly cash distribution of $1.70 per share on shares of the Company’s common stock. This distribution is payable on April 28, 2025, to stockholders of record at the close of business on April 11, 2025.
This new distribution rate of $1.70 per share represents an increase from the $1.62 per share declared in the previous quarter. The increase signals the company's commitment to returning value to shareholders and reflects confidence in its financial performance.
The dividend growth aligns with American Tower's strategy to provide consistent shareholder returns. This move is likely to be viewed favorably by investors, particularly those focused on dividend income and the long-term stability of the company's payouts.
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