Company: American Tower Corp. (AMT)
*DRIP Club Members are able to acquire or list a share of a company on the DRIP Exchange Page.
Company Profile: American Tower owns and operates more than 220,000 cell towers throughout the us, Asia, Latin America, Europe, and Africa. It also owns and/or operates 28 data centers in 10 us 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 us, which accounted for almost half of the company’s total revenue in 2023. Outside the us, 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. -Morningstar.com-
Symbol: AMT
Recent Price: $229.75
Dividends: $6.48
Yield: 2.82%
Sector: Real Estate
Industry: REIT-Specialty
Address & Company Phone #: 116 Huntington Ave. 11th Fl. Boston MA 02116, 617-375-7500
Transfer Agent: Computershare 800-524-4458
Moody’s Rating: Baa3
Minimum & Maximum Investment: $500 – $10,000/month
Investment Dates: 15th monthly
Shares to Qualify: 1 Share or $1000
Fees: Div.: $0 Cash: $0 Cert: 0 Sells: by Mail, Phone or Internet for $15+12¢/sh
52 Week High & Low: $219.10, $154.58