5 Best June Dividend Stocks To Buy

4. American Tower Corporation (NYSE:AMT)

Ex-Dividend Date: June 15
Dividend Yield as of May 27: 3.45%

American Tower Corporation (NYSE:AMT) is an American real estate investment trust company that specializes in broadcast communications infrastructures. Barclays remained constructive on the company’s growth prospects in the coming quarters and lifted its price target on the stock in May to $233 with an Overweight rating on the shares.

American Tower Corporation (NYSE:AMT), one of the best dividend stocks, currently pays a quarterly dividend of $1.57 per share. The company holds an 11-year track record of consistent dividend growth. The stock has a dividend yield of 3.45% and will be going ex-dividend on June 15.

The number of hedge funds in Insider Monkey’s database owning stakes in American Tower Corporation (NYSE:AMT) grew to 65 in Q1 2023, from 61 in the previous quarter. The consolidated value of these stakes is over $3.2 billion.

ClearBridge Investments mentioned American Tower Corporation (NYSE:AMT)’s long-term growth prospects in its Q4 2022 investor letter.

“Real estate and communication services sectors generated positive returns but lagged others within the Russell 1000 Value Index. The Strategy benefited from its underweight in the real estate sector with American Tower Corporation (NYSE:AMT) as its only holding. REITs are generally perceived to be interest rate sensitive, which negatively impacted American Tower’s recent stock performance. However, we remain confident in the company’s highly durable and predictable business model, which is supported by long-term customer contracts and insatiable wireless data growth.”