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Data last updated: Oct 07, 2026
Snapshot (as of Oct 07, 2026): American Tower Corporation (AMT) pays a $7.07 annual dividend ($1.79 quarterly), yielding 4.25% at $166.27/share. Next ex-dividend date 2026-09-30. 13+ consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.25%
Annual Dividend: $7.07 per share
Payout Ratio: 95.7%
Ex-Dividend Date: 2026-09-30
Dividend Frequency: quarterly
Sector: Real Estate
Years of Dividend History: 16
American Tower Corporation dividend investors are looking at one of the largest global REITs, built on leasing space on communications towers to wireless carriers, broadcasters, and government agencies. The current yield is 4.01%, with a trailing annual dividend rate of $6.98 per share paid quarterly. The next ex-dividend date is September 30, 2026. With a beta of 0.895, AMT stock moves slightly less than the broader market, which appeals to income investors who want yield without extreme price swings.
American Tower Corporation pays out 95.7% of earnings as dividends, a payout ratio classified as high (above 75%). The company's primary business is leasing space on communications sites under long-term tenant agreements with wireless service providers and government agencies, which provides a recurring revenue base that supports the current payout level. American Tower Corporation dividend safety faces its clearest pressure from that same elevated ratio: at 95.7%, there is very little room for earnings to soften before the dividend comes under strain.
American Tower Corporation dividend history shows a CAGR of 16.8% per year from 2012 to 2025. The per-share dividend grew from $0.90 to $6.80 over that period (2026 is a partial year and excluded from the growth 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, which shows that the era of double-digit annual raises has given way to much slower growth.
| 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 stock fits dividend investors who prioritize yield over growth. The current yield of 4.01% sits above its 5-year average of 3.54%, meaning buyers today are locking in a historically elevated income rate from a company whose core business, leasing tower space to wireless carriers and broadcasters, generates recurring demand. The trade-off is a 95.7% payout ratio that leaves little financial cushion, and a growth rate that has slowed to near-zero: the 2024 increase was just 0.5%. American Tower Corporation offers a high (above 4%) yield with 13 consecutive years of increases, but the combination of a stretched payout and decelerating growth defines the risk profile.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-30 | $1.7900 |
| 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 |
| Year | Total Dividends |
|---|---|
| 2026 | $5.3700 |
| 2025 | $6.8000 |
| 2024 | $6.4800 |
| 2023 | $6.4500 |
| 2022 | $5.8600 |
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