American Tower Corporation
AMTReal Estate · Stock · quarterly payer
Forward Yield
3.93%
Annual Dividend
$6.98
Payout Ratio
96%
5-Yr Growth
8.5%
Ex-Date
Jun 12, 2026
Frequency
Quarterly
Summary
As of September 2026, American Tower Corporation (AMT) yields 3.93% ($6.98 per share annually), with a blended fair-value estimate of $159.72 — -9% downside, so it screens as fairly valued. Dividend safety grade: B (72/100). 13 years of dividend growth.
Is AMT a good dividend stock?
Yes, with caveatsAmerican Tower Corporation (AMT) pays a quarterly dividend yielding 3.93% ($6.98/yr), with 13 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- 13 consecutive years of dividend growth
- Never cut its dividend on record
- Strong 8.5% 5-yr dividend growth
Risks
- Elevated payout ratio (96%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 3.93%
- Payout Ratio
- 96%
- Annual Dividend
- $6.98
- 5-Yr Avg Growth
- 8.5%
- Ex-Dividend Date
- Jun 12, 2026
- Years of Growth
- 13
- Frequency
- quarterly
- Beta
- 0.90
- Market Cap
- $81.9B
- P/E Ratio
- 24.5
- 5-Yr Total Return
- -34%
- 52-Week Range
- $160.06 – $199.13
- Dividend Safety
- B · 72/100
- Ever Cut?
- No
Frequently Asked Questions
AMT Price — Last 12 Months
Daily close
Price Return
1 Year
-9%
3 Years
+7%
5 Years
-34%
52-Week Range
$160.06 – $199.13
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is AMT worth?
Fairly valuedlow confidenceOur blended fair-value estimate for American Tower Corporation is $159.72 per share, versus a market price of $175.85. That implies the stock is roughly fairly priced.
Fair Value
$159.72
Current Price
$175.85
Gap
-9%
Margin of Safety
-10%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 8.8% discount rate (CAPM), 10.5% stage-1 growth, 2.5% terminal growth, $7.19 EPS, $6.98 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
AMT Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 12, 2026 | — | $1.7900 | regular |
| Apr 14, 2026 | — | $1.7900 | regular |
| Dec 29, 2025 | — | $1.7000 | regular |
| Sep 30, 2025 | — | $1.7000 | regular |
| Jun 13, 2025 | — | $1.7000 | regular |
| Apr 11, 2025 | — | $1.7000 | regular |
| Dec 27, 2024 | — | $1.6200 | regular |
| Oct 9, 2024 | — | $1.6200 | regular |
| Jun 14, 2024 | — | $1.6200 | regular |
| Apr 11, 2024 | — | $1.6200 | regular |
| Dec 27, 2023 | — | $1.7000 | regular |
| Oct 10, 2023 | — | $1.6200 | regular |
| Jun 15, 2023 | — | $1.5700 | regular |
| Apr 13, 2023 | — | $1.5600 | regular |
Income Calculator
At $6.98 / yr per share
