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Data last updated: Aug 23, 2026
Snapshot (as of Aug 23, 2026): American Tower Corporation (AMT) pays a $6.98 annual dividend ($1.79 quarterly), yielding 3.97% at $175.80/share. Next ex-dividend date 2026-06-12. 13+ consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.97%
Annual Dividend: $6.98 per share
Payout Ratio: 95.7%
Ex-Dividend Date: 2026-06-12
Dividend Frequency: quarterly
Sector: Real Estate
Years of Dividend History: 16
American Tower Corporation is one of the largest global REITs, leasing space on communications towers to wireless carriers, broadcast companies, and government agencies. The American Tower Corporation dividend currently yields 3.97%, with a trailing annual rate of $6.98 per share paid quarterly. The next ex-dividend date is June 12, 2026, with the last declared quarterly payment at $1.79 per share. With a beta of 0.894, AMT stock carries slightly below-market volatility, which appeals to income investors who want dividend exposure without outsized price swings.
American Tower Corporation pays out 95.7% of earnings as dividends, a payout ratio classified as high (above 75%). That level is sustained in part by the nature of AMT's business: long-term leases on communications infrastructure generate recurring revenue from wireless carriers, broadcasters, and government tenants who depend on tower access. American Tower Corporation dividend safety is the central question at this payout level, and the main pressure point is clear: there is almost no earnings cushion, so any meaningful drop in leasing revenue would put the dividend under stress.
American Tower Corporation dividend history shows a CAGR of 16.8% per year from 2012 to 2025. Per-share payments grew from $0.90 to $6.80 over that window (2026 is a partial year and excluded from this calculation). The smallest annual increase in the window was 0.5% in 2024, a sharp deceleration from the 29.3% peak increase recorded in 2015.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +5.1% | $5.86 (2022) | $6.80 (2025) |
| 5-Year | +8.5% | $4.53 (2020) | $6.80 (2025) |
| 10-Year | +14.2% | $1.81 (2015) | $6.80 (2025) |
AMT fits dividend investors who want a moderate yield backed by a large, infrastructure-heavy business. The current yield of 3.97% sits above the 5-year average of 3.5%, which means buyers today are getting more income per dollar than the historical norm. The trade-off is a payout ratio of 95.7%, which leaves little room for error. Growth has been exceptional over the long run at 16.8% annually, but the 2024 increase of just 0.5% signals that the pace has slowed. This is a moderate (2-4%) yield stock with a strong growth history and a payout structure that demands the underlying leasing business performs.
| Payment Date | Amount per Share |
|---|---|
| 2026-06-12 | $1.7900 |
| 2026-04-14 | $1.7900 |
| 2025-12-29 | $1.7000 |
| 2025-09-30 | $1.7000 |
| 2025-06-13 | $1.7000 |
| 2025-04-11 | $1.7000 |
| 2024-12-27 | $1.6200 |
| 2024-10-09 | $1.6200 |
| 2024-06-14 | $1.6200 |
| 2024-04-11 | $1.6200 |
| Year | Total Dividends |
|---|---|
| 2026 | $3.5800 |
| 2025 | $6.8000 |
| 2024 | $6.4800 |
| 2023 | $6.4500 |
| 2022 | $5.8600 |
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