American Tower (American Tower) Dividend Payout Ratio

: 1.10 (As of Dec. 2023)

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American Tower's dividend payout ratio for the months ended in Dec. 2023 was 1.10.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of American Tower Corp is 1.37, which seems too high.

The historical rank and industry rank for American Tower's Dividend Payout Ratio or its related term are showing as below:

AMT' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.7 Med: 0.99 Max: 1.37
Current: 1.37

During the past 13 years, the highest Dividend Payout Ratio of American Tower was 1.37. The lowest was 0.70. And the median was 0.99.

AMT's Dividend Payout Ratio is ranked worse than
69.56% of 565 companies
in the REITs industry
Industry Median: 1.01 vs AMT: 1.37

As of today (2024-04-19), the Dividend Yield % of American Tower is 3.80%.

During the past 13 years, the highest Trailing Annual Dividend Yield of American Tower was 3.95%. The lowest was 1.23%. And the median was 1.79%.

American Tower's Dividends per Share for the months ended in Dec. 2023 was $1.70.

During the past 12 months, American Tower's average Dividends Per Share Growth Rate was 10.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 12.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 15.50% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 19.50% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of American Tower was 26.20% per year. The lowest was 12.50% per year. And the median was 20.30% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

American Tower Dividend Payout Ratio Historical Data

The historical data trend for American Tower's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

American Tower Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

0.84

0.93

1.04

1.36

1.23

American Tower Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio																1.24	2.17	1.54	1.14	1.10

Competitive Comparison

For the REIT - Specialty subindustry, American Tower's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

American Tower Dividend Payout Ratio Distribution

For the REITs industry and Real Estate sector, American Tower's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where American Tower's Dividend Payout Ratio falls into.

American Tower Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

American Tower's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	6.45	/	5.264
	=	1.23

American Tower's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	1.7	/	1.544
	=	1.10

American Tower (NYSE:AMT) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

American Tower Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of American Tower's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

American Tower (American Tower) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » American Tower Corp (NYSE:AMT) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

AMT:Mexico 1AMT:Italy A0T:Germany A0T:Germany T1OW34:Brazil AMTG:Austria

Address

116 Huntington Avenue, 11th Floor, Boston, MA, USA, 02116

Website

https://www.americantower.com

American Tower owns and operates more than 220,000 cell towers throughout the U.S., Asia, Latin America, Europe, and Africa. It also owns and/or operates 28 data centers in 10 U.S. markets after acquiring CoreSite. On its towers, the company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company operates more than 40,000 towers in the U.S., which accounted for roughly half of the company's total revenue in 2022. Outside the U.S., American Tower operates over 75,000 towers in India, almost 50,000 towers in Latin America (dominated by Brazil), 30,000 towers in Europe, and nearly 25,000 towers in Africa. American Tower operates as an REIT.

Executives

Joann A Reed	director	C/O AMERICAN TOWER CORP, 116 HUNTINGTON AVENUE, BOSTON MA 02116
Eugene M Noel	officer: EVP & President, U.S. Tower	116 HUNTINGTON AVENUE, BOSTON MA 02116
Robert D Hormats	director	85 BROAD STREET, NEW YORK NY 10004
Rodney M Smith	officer: EVP, CFO & Treasurer	116 HUNTINGTON AVENUE, BOSTON MA 02116
Raymond P Dolan	director	108 GOVERNOR DRIVE, BASKING RIDGE NJ 00924
Samme L Thompson	director	C/O TELIT ASSOCIATES, INC., 333 NORTH MICHIGAN AVENUE, CHICAGO IL 60601
Sanjay Goel	officer: EVP & President, Asia-Pacific	116 HUNTINGTON AVENUE, BOSTON MA 02116
Ruth T Dowling	officer: EVP, Chief Admin Ofr, GC & Sec	116 HUNTINGTON AVENUE, BOSTON MA 02116
Reeve Pamela D A	director	C/O AMERICAN TOWER CORPORATION, 116 HUNTINGTON AVE, BOSTON MA 02116
Meyer Robert Joseph Jr	officer: SVP & Chief Accounting Officer	61 SCHOOL STREET, ARLINGTON MA 02476
Edmund Disanto	officer: EVP, Chief Admin Ofr, GC & Sec	C/O AMERICAN TOWER CORPORATION, 116 HUNTINGTON AVENUE, 11TH FLOOR, BOSTON MA 02116
Bruce L Tanner	director	214 N TRYON STREET, CHARLOTTE NC 28202
Kelly C Chambliss	director	C/O CORESITE REALTY CORPORATION, 1001 17TH STREET, SUITE 500, DENVER CO 80202
Teresa Hillary Clarke	director	2850 GOLF ROAD, ROLLING MEADOWS IL 60008
David E Sharbutt	director	116 HUNTINGTON AVENUE, BOSTON MA 02116