American Tower Corporation Declares Quarterly Distribution

Rhea-AI Summary

American Tower (NYSE: AMT) has declared a quarterly cash distribution of $1.62 per share on its common stock. This distribution will be paid on July 12, 2024, to shareholders who are recorded by the close of business on June 14, 2024. The announcement was made by the company's Board of Directors.

Positive

• Quarterly cash distribution of $1.62 per share announced.
• Distribution scheduled to be paid on July 12, 2024.
• Stable financial move indicating potential shareholder returns.

Negative

• Cash distribution may reduce available liquidity for other investments.
• No new business developments or financial performance metrics provided.

BOSTON--(BUSINESS WIRE)-- American Tower Corporation (NYSE: AMT) announced that its Board of Directors (the “Board”) declared a quarterly cash distribution of $1.62 per share on shares of the Company’s common stock. The distribution is payable on July 12, 2024 to the stockholders of record at the close of business on June 14, 2024.

About American Tower

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities. For more information about American Tower, please visit the “Earnings Materials” and “Investor Presentations” sections of our investor relations hub at www.americantower.com.

Cautionary Language Regarding Forward-Looking Statements

This press release contains “forward-looking statements” concerning the Company’s goals, beliefs, expectations, strategies, objectives, plans, future operating results and underlying assumptions and other statements that are not necessarily based on historical facts. Actual results may differ materially from those indicated in the Company’s forward-looking statements as a result of various factors, including those factors set forth under the caption “Risk Factors” in Item 1A of its most recent annual report on Form 10-K, and other risks described in documents the Company subsequently files from time to time with the Securities and Exchange Commission. The Company undertakes no obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240523474198/en/

Adam Smith

Senior Vice President, Investor Relations and FP&A

Telephone: (617) 375-7500

Source: American Tower Corporation

FAQ

When will American Tower pay the declared quarterly distribution?

American Tower will pay the declared quarterly distribution on July 12, 2024.

How much is the quarterly cash distribution declared by American Tower ?

American Tower declared a quarterly cash distribution of $1.62 per share.

What is the record date for American Tower 's quarterly distribution?

The record date for American Tower 's quarterly distribution is June 14, 2024.

What is the stock symbol for American Tower ?

The stock symbol for American Tower is AMT.