American Tower (NYSE: AMT) 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.

Fool contributor Eric Volkman has no position in American Tower. The Motley Fool recommends American Tower. The Motley Fool owns shares of American Tower. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.