SmarterDividends
AMT

American Tower Corporation

AMT

Real Estate · REIT - Specialty · Stock · quarterly payer

$183.03

Fairly valued · -2% Add to Portfolio

Forward Yield

3.91%

Annual Dividend

$7.16

Payout Ratio

96%

5-Yr Growth

8.5%

Ex-Date

Sep 30, 2026

Frequency

Quarterly

Key facts about AMT's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 20, 2026, American Tower Corporation (AMT) has a forward dividend yield of 3.91%, based on an annual dividend of $7.16 per share and a share price of $183.03.
  • As of Oct 20, 2026, AMT's dividend safety grade from SmarterDividends is B (73 out of 100), which rates the dividend as safe.
  • By SmarterDividends' count, American Tower Corporation (AMT) has raised its dividend for 13 consecutive years as of Oct 20, 2026.
  • AMT has never cut its regular dividend in the payment history SmarterDividends has on record.
  • AMT's most recent ex-dividend date was Sep 30, 2026, for a dividend of $1.79 per share.
  • As of Oct 20, 2026, AMT pays out 96% of its trailing 12-month earnings as dividends (its payout ratio).
  • AMT's dividend has grown at an average rate of 8.5% a year over the past five years.
  • As of Oct 20, 2026, AMT's 3.91% yield is 36% above its five-year average yield of 2.86%.
  • As of Oct 20, 2026, SmarterDividends' blended fair-value estimate for AMT is $180.18 per share, 2% below the $183.03 share price, so AMT screens as fairly valued.
  • American Tower Corporation (AMT) pays its dividend quarterly, 4 times a year.
  • American Tower Corporation (AMT) has raised its regular dividend 48 times and cut it 1 time across the 60 payments on record since 2011. Its most recent change was a 5.3% increase to $1.79 per share, going ex-dividend on Apr 14, 2026. The last cut went ex-dividend on Apr 11, 2024.
Cite this page

SmarterDividends, "AMT Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 20, 2026, https://smarterdividends.com/stocks/AMT

Summary

As of Oct 20, 2026, American Tower Corporation (AMT) yields 3.91% ($7.16 a year per share), has a dividend safety grade of B (73/100) and has 13 consecutive years of dividend increases on record.

Is AMT a good dividend stock?

Yes, with caveats

American Tower Corporation (AMT) pays a quarterly dividend yielding 3.91% ($7.16/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
3.91%
Payout Ratio
96%
Annual Dividend
$7.16
5-Yr Avg Growth
8.5%
Ex-Dividend Date
Sep 30, 2026
Years of Growth
13
Frequency
quarterly
Beta
0.89
Market Cap
$85.3B
P/E Ratio
25.2
5-Yr Total Return
-29%
52-Week Range
$160.06 – $196.08
Dividend Safety
B · 73/100
Ever Cut?
No

AMT dividend raises and cuts

American Tower Corporation (AMT) has raised its regular dividend 48 times and cut it 1 time across the 60 payments on record since 2011. Its most recent change was a 5.3% increase to $1.79 per share, going ex-dividend on Apr 14, 2026. The last cut went ex-dividend on Apr 11, 2024.

Ex-dateChangeOld → newMove
Apr 14, 2026Raise$1.70 → $1.79+5.3%
Apr 11, 2025Raise$1.62 → $1.70+4.9%
Apr 11, 2024Cut$1.70 → $1.62−4.7%
Dec 27, 2023Raise$1.62 → $1.70+4.9%
Oct 10, 2023Raise$1.57 → $1.62+3.2%
Jun 15, 2023Raise$1.56 → $1.57+0.6%
Dec 27, 2022Raise$1.47 → $1.56+6.1%
Oct 7, 2022Raise$1.43 → $1.47+2.8%
Jun 16, 2022Raise$1.40 → $1.43+2.1%
Apr 12, 2022Raise$1.39 → $1.40+0.7%
Dec 23, 2021Raise$1.31 → $1.39+6.1%
Sep 27, 2021Raise$1.27 → $1.31+3.1%
Show all 49 changes since 2012
Ex-dateChangeOld → newMove
Jun 17, 2021Raise$1.24 → $1.27+2.4%
Apr 12, 2021Raise$1.21 → $1.24+2.5%
Dec 24, 2020Raise$1.14 → $1.21+6.1%
Sep 25, 2020Raise$1.10 → $1.14+3.6%
Jun 18, 2020Raise$1.08 → $1.10+1.9%
Apr 13, 2020Raise$1.01 → $1.08+6.9%
Dec 26, 2019Raise$0.950 → $1.01+6.3%
Sep 26, 2019Raise$0.920 → $0.950+3.3%
Jun 18, 2019Raise$0.900 → $0.920+2.2%
Apr 10, 2019Raise$0.840 → $0.900+7.1%
Dec 26, 2018Raise$0.790 → $0.840+6.3%
Sep 27, 2018Raise$0.770 → $0.790+2.6%
Jun 18, 2018Raise$0.750 → $0.770+2.7%
Apr 10, 2018Raise$0.700 → $0.750+7.1%
Dec 27, 2017Raise$0.660 → $0.700+6.1%
Sep 28, 2017Raise$0.640 → $0.660+3.1%
Jun 15, 2017Raise$0.620 → $0.640+3.2%
Apr 10, 2017Raise$0.580 → $0.620+6.9%
Dec 23, 2016Raise$0.550 → $0.580+5.5%
Sep 28, 2016Raise$0.530 → $0.550+3.8%
Jun 15, 2016Raise$0.510 → $0.530+3.9%
Apr 8, 2016Raise$0.490 → $0.510+4.1%
Dec 14, 2015Raise$0.460 → $0.490+6.5%
Sep 21, 2015Raise$0.440 → $0.460+4.5%
Jun 15, 2015Raise$0.420 → $0.440+4.8%
Apr 8, 2015Raise$0.380 → $0.420+10.5%
Dec 12, 2014Raise$0.360 → $0.380+5.6%
Sep 19, 2014Raise$0.340 → $0.360+5.9%
Jun 13, 2014Raise$0.320 → $0.340+6.3%
Apr 8, 2014Raise$0.290 → $0.320+10.3%
Dec 12, 2013Raise$0.280 → $0.290+3.6%
Sep 19, 2013Raise$0.270 → $0.280+3.7%
Jun 13, 2013Raise$0.260 → $0.270+3.8%
Apr 8, 2013Raise$0.240 → $0.260+8.3%
Dec 13, 2012Raise$0.230 → $0.240+4.3%
Sep 27, 2012Raise$0.220 → $0.230+4.5%
Jun 28, 2012Raise$0.210 → $0.220+4.8%
Every AMT payment →Download every raise and cut (CSV)
AMT ex-dividend date & scheduleNext ex-date Sep 30, 2026 · full ex-dividend historyView →AMT dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is AMT a good dividend stock?

Yes, with caveats. American Tower Corporation (AMT) pays a quarterly dividend yielding 3.91% ($7.16/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.

Is AMT undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, AMT's fair value is about $180.18 versus a $183.03 share price — so it looks fairly valued (-2% vs. fair value).

Is AMT's dividend safe?

AMT has a dividend-safety grade of B (73/100), based on its payout coverage, free-cash-flow, 13-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is AMT's fair value?

Our blended fair-value estimate for AMT is about $180.18 per share, about 2% below the current $183.03 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is AMT a buy, hold, or sell?

We don't issue formal ratings, but on the data AMT screens as "yes, with caveats" and fairly valued. American Tower Corporation (AMT) pays a quarterly dividend yielding 3.91% ($7.16/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. This is research for your own analysis, not investment advice.

Will AMT cut its dividend?

AMT earns a dividend-safety grade of B (73/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does AMT pay a dividend?

Yes. American Tower Corporation pays a quarterly dividend of about $7.16 per share annually, a forward yield of roughly 3.91%.

What is AMT's dividend yield?

As of Oct 20, 2026, AMT's forward dividend yield is 3.91%, based on a $7.16 annual dividend and a $183.03 share price.

What is AMT's dividend per share?

As of Oct 20, 2026, AMT pays $7.16 per share per year, distributed on a quarterly basis.

What is AMT's dividend payout ratio?

As of Oct 20, 2026, AMT's payout ratio is 96% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has AMT grown its dividend?

As of Oct 20, 2026, AMT has increased its dividend for 13 consecutive years.

When is the next AMT ex-dividend date?

As of Oct 20, 2026, AMT's next ex-dividend date hasn't been announced. The most recent was Sep 30, 2026, for $1.79 per share.

Income Calculator

At $7.16 / yr per share

Per payment (quarterly)$179.00
Annual$716.00
Monthly avg$59.67

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