American Tower Raises Quarterly Dividend (AMT)

American Tower Raises Quarterly Dividend

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Click Here Now

American Tower (NYSE: AMT ) has declared a higher quarterly dividend, its first payout for 2013. The wireless infrastructure company will hand out $0.26 per share of its stock on April 25 to shareholders of record as of April 10. That amount is 8% higher than the company's previous disbursement of $0.24, which was paid in December.

American Tower has steadily increased its payout since the beginning of 2012, when it disbursed $0.21. In each of the remaining three quarters of that year, it lifted that amount by $0.01.

The new dividend annualizes to $1.04 per share. That yields 1.4% at American Tower's current stock price of $76.03.

More Expert Advice from The Motley Fool

The Motley Fool's chief investment officer has selected his No. 1 stock for the next year. Find out which stock in our brand-new free report: "The Motley Fool's Top Stock for 2013." I invite you to take a copy, free for a limited time. Just click here to access the report and find out the name of this under-the-radar company.

Jeff Fischer and team have demystified options. And they can rack up income like $1,030... $2,626... and $3,228 on a schedule you can set your watch by!
That's why we're glad to announce every single one of their closely guarded strategies is available to YOU during May and June – 100% FREE, no strings attached! Just enter your email address in the box below...

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.