American Tower Corporation (REIT) (NYSE:AMT) will begin trading ex-dividend on December 24, 2020. The quarterly dividend payment of $ 1.21 per share is scheduled to be paid on February 2, 2021. The dividend yield based on the latest trading day closing price was 2.20 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of December 24, 2020.
Dividends History
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American Tower Corporation (REIT) recently reported third quarter financial results on October 29, 2020, before market open, the Boston based company unveiled income for the third quarter of $ 2.23 per share, from the revenue of $ 2,013.00 million. The quarterly earnings swell 11.50 percent while revenues swell 3.02 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.10 per share from $ 1971.69 million in revenue. The bottom line results beat street analysts by $ 1.13 or 102.73 percent, at the same time, top line results outshined analysts by $ 41.31 million or 2.10 percent.
Stock Performance
Shares of American Tower Corporation (REIT) traded up $ 0.71 or 0.32 percent on Tuesday, reaching $ 220.49 with volume of 1.79 million shares. American Tower Corporation (REIT) has traded high as $ 220.85 and has cracked $ 218.27 on the downward trend
According to the previous trading day, closing price of $ 220.49, representing a 26.08 % increase from the 52 week low of $ 174.32 and a 19.26 % decrease over the 52 week high of $ 272.20.
The company has a market capital of $ 97.94 billion and is part of the Communication Services sector and Telecom Services industry.
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 approximately 171,000 communications sites.