American Tower Corporation (NYSE:AMT) is included among the 12 Best REIT Dividend Stocks to Buy Now.
Photo by Dan Dennis on Unsplash
American Tower Corporation owns, acquires, and develops communications real estate assets, including cell towers and data centers, in domestic and foreign markets. The company’s primary business is leasing space on its properties to wireless carriers and enterprise customers. One of the best dividend stocks in the REIT industry, American Tower has increased its dividend for 13 years in a row. It pays a quarterly dividend of $1.70 per share, yielding 3.52% as of October 1.
American Tower Corporation specializes in owning and operating the land, buildings, and tower locations necessary for mobile networks and internet infrastructure. In addition, it builds fiber-optic networks connecting 5G small cell locations to the wider internet— an increasingly vital service as both consumers and businesses become more dependent on mobile connectivity for internet access.
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