American Tower Corporation
S&P 500Last update: May 9, 2026 at 09:32
Dividend Safety Rating
AMT's dividend appears safe and well-supported. Strengths include a 82.3% earnings payout ratio & 29.9% return on equity. Areas of concern: 84.7% fcf payout ratio & 68.8% net debt / total assets. The dividend has been growing at a 8.46% 5-year CAGR. As a REIT, higher payout ratios are normal since they are required to distribute most taxable income.
Based on 15 of 15 metrics
Strengths
- Return on Equity: 29.9%Strong return on equity reflects efficient profit generation.
- Operating Margin: 45.9%Healthy operating margin provides a wide buffer.
- Gross Margin: 74.3%High gross margin signals strong pricing power.
Risks
- Current Ratio: 0.3xLimited short-term liquidity to meet obligations.
- FCF Payout Ratio: 84.7%Free cash flow is tight relative to the dividend.
- Net Debt / Total Assets: 68.8%Net debt is high relative to total assets.
Payout & Coverage
CautionBalance Sheet
WarningProfitability
Very SafeDividend Track Record
Very SafeAbout American Tower Corporation
American Tower Corporation is a global Real Estate Investment Trust (REIT) and leading independent owner and operator of wireless and broadcast communications real estate. The company develops, owns, and operates approximately 181,000 communications sites across more than 20 countries, including over 41,000 properties in the United States and more than 140,000 properties internationally. American Tower generates revenue primarily by leasing space on wireless towers and broadcast infrastructure to mobile carriers and broadcasters. Beyond traditional tower services, the company provides customized solutions including in-building systems, outdoor distributed antenna systems (DAS), rooftop management, and network deployment services. The company also installs backup generators at many sites to support uninterrupted service for tenants. American Tower's business model is characterized by long-term, non-cancellable tenant leases with built-in escalators, creating a stable and recurring revenue stream. Founded in 1995 and headquartered in Boston, Massachusetts, the company has established itself as a mission-critical infrastructure provider serving the global telecommunications and broadcasting industries.
Dividend Overview
Dividend Yield
3.90%
Annual Dividend
$6.89
Frequency
Quarterly
Payout Ratio
82.26%
FCF Payout Ratio
84.74%
Stock Price
$176.53
52-Week Range
$165.08 – $234.33
Dividend History (2016–2025)
AMT annual dividend per share and yield history
Earnings & Profitability
AMT earnings per share and net profit margin
Key Dates
Last Ex-Dividend Date
April 14, 2026
Last Payment Date
April 28, 2026
Dividend Growth
3-Year Dividend CAGR
5.08%
5-Year Dividend CAGR
8.46%
10-Year Dividend CAGR
14.15%
3-Year Total Growth
16.04%
5-Year Total Growth
50.11%
10-Year Total Growth
275.69%
Income Calculator
Similar Dividend Stocks
Frequently Asked Questions
What is AMT's current dividend yield?
When is AMT's next dividend payment date?
How much does AMT pay in dividends per year?
Has AMT been increasing its dividend?
Is AMT's dividend safe?
How is AMT's Dividend Safety Rating calculated?
Want to understand how we rate dividend safety? Read our full methodology
Track AMT Dividends with OnlyDividends
What will AMT actually pay you after taxes? Track every payout, get notified on payment dates, and stop guessing.
This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.
Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.
Market data provided by Twelve Data.