American Tower Incrementally Raises Dividend
American Tower is about to put a few more coins into the pockets of its investors. The company has declared its latest quarterly dividend, which is $0.27 per share. This will be paid on July 16 to shareholders of record as of June 17. That amount is $0.01 higher than the firm's previous distribution; this was paid in late April. Prior to that, American Tower handed out $0.24 per share.
In its present form, the company is a relative newcomer to dividends, launching such payouts at the end of 2011.
The just-declared dividend annualizes to $1.08 per share. That yields 1.3% at American Tower's most recent closing stock price of $82.17.
The article American Tower Incrementally Raises Dividend originally appeared on Fool.com.
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