American Tower Adds $0.01 to Its Dividend
American Tower has added a little juice to its shareholder payout. The company declared its latest quarterly dividend, which is to be $0.28 per share paid on October 7 to shareholders of record as of September 23. That amount is $0.01, or 4%, higher than the firm's preceding disbursement of $0.2, which was paid in July.
Since initiating dividend payments with a $0.35 per-share distribution in December 2011, American Tower has paid a different amount in every quarter. Following that initial payout, the company has steadily lifted its disbursement from $0.21 in April 2012, to the present level.
The just-declared dividend annualizes to $1.12 per share. That yields 1.5% at American Tower's most recent closing stock price of $74.12.
The article American Tower Adds $0.01 to Its Dividend originally appeared on Fool.com.Fool contributor Eric Volkman has no position in American Tower. The Motley Fool recommends American Tower. The Motley Fool owns shares of American Tower and has the following options: short September 2013 $70 puts on American Tower. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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