Current Yield
4.20%
TTM Dividend/Share
$6.98
Payment Frequency
Irregular
Payout Ratio
112.8%
Consecutive Growth Years
15 (Dividend Contender)
Key takeaways
- Dividend Contender — American Tower (AMT) has raised its dividend for 15 consecutive years.
- American Tower (AMT) currently yields 4.20%, paying $6.98 per share over the trailing twelve months, distributed irregular.
- Payout ratio is 112.8% — the share of earnings distributed as dividends.
- 4 of 8 dividend safety checks passed.
- 5-year dividend CAGR of 8.46% (growth is decelerating).
Dividend yield valuation for American Tower (AMT)
Current dividend yield vs its own 1Y / 3Y / 5Y historical averages — a rough valuation signal.
Valuation zone | Above average — potential buy zone |
Current yield (now) | 4.20% |
1-year average yield | 3.83%now 0.37 pp above |
3-year average yield | 3.45%now 0.75 pp above |
5-year average yield | 2.95%now 1.25 pp above |
AMT: a yield above its history can signal value (or risk); below can signal a rich price. One valuation signal among many — review fundamentals before investing.
Dividend health for American Tower (AMT)
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | 12.7% |
FCF payout ratio | 21.4% |
Net debt / EBITDA | 6.4x |
Interest coverage | 4.62x |
ROIC (TTM) | 7.8% |
Dividend safety score for American Tower (AMT)
Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.
4 of 8 checks passed
Payout ratio below 75%
Payout ratio is 112.8%, above the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $576M — FCF fully covers the payout.
No dividend cuts in 10+ years
1 dividend cut(s) in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
15 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 21.4%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 6.4x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (8.5%) exceeds EPS growth (2.8%) — payout ratio expanding.
This analysis is for informational purposes only and is not financial advice. Safety scores and comparisons reflect historical data and do not predict future performance.
Per-payment dividend history
59 payments from 2011 to 2026 · Adj. Dividend is split-adjusted
| Jun 12, 2026 | Jul 13, 2026 | $1.7900 | $1.7900 |
| Apr 14, 2026 | Apr 28, 2026 | $1.7900 | $1.7900 |
| Dec 29, 2025 | Feb 2, 2026 | $1.7000 | $1.7000 |
| Sep 30, 2025 | Oct 20, 2025 | $1.7000 | $1.7000 |
| Jun 13, 2025 | Jul 11, 2025 | $1.7000 | $1.7000 |
| Apr 11, 2025 | Apr 28, 2025 | $1.7000 | $1.7000 |
| Dec 27, 2024 | Feb 3, 2025 | $1.6200 | $1.6200 |
| Oct 9, 2024 | Oct 25, 2024 | $1.6200 | $1.6200 |
| Jun 14, 2024 | Jul 12, 2024 | $1.6200 | $1.6200 |
| Apr 11, 2024 | Apr 26, 2024 | $1.6200 | $1.6200 |
| Dec 27, 2023 | Feb 1, 2024 | $1.7000 | $1.7000 |
| Oct 10, 2023 | Oct 27, 2023 | $1.6200 | $1.6200 |
- Jun 12, 2026$1.7900
- Apr 14, 2026$1.7900
- Dec 29, 2025$1.7000
- Sep 30, 2025$1.7000
- Jun 13, 2025$1.7000
- Apr 11, 2025$1.7000
- Dec 27, 2024$1.6200
- Oct 9, 2024$1.6200
- Jun 14, 2024$1.6200
- Apr 11, 2024$1.6200
- Dec 27, 2023$1.7000
- Oct 10, 2023$1.6200
Historical dividend yield for American Tower (AMT)
Mean trailing dividend yield using one ratio snapshot per calendar year.Mean yield1Y: 3.83%5Y: 2.95%10Y: 2.43%
Dividend per share for American Tower (AMT)
CAGR (per year)1Y: 4.94%5Y: 8.46%10Y: 14.15%↓ Decelerating
| Year | Total ($/share) | Payments |
|---|---|---|
| 2011 | $0.35 | 1 |
| 2012 | $0.90 | 4 |
| 2013 | $1.10 | 4 |
| 2014 | $1.40 | 4 |
| 2015 | $1.81 | 4 |
| 2016 | $2.17 | 4 |
| 2017 | $2.62 | 4 |
| 2018 | $3.15 | 4 |
| 2019 | $3.78 | 4 |
| 2020 | $4.53 | 4 |
| 2021 | $5.21 | 4 |
| 2022 | $5.86 | 4 |
| 2023 | $6.45 | 4 |
| 2024 | $6.48 | 4 |
| 2025 | $6.80 | 4 |
| 2026 | $3.58 | 2 |
Dividend growth for American Tower (AMT)
Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.
Dividend Increase Track Record
Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.
| 2026 | $6.8000 | — | — |
| 2025 | $6.4800 | $6.8000 | +4.9% |
| 2024 | $6.4500 | $6.4800 | +0.5% |
| 2023 | $5.8600 | $6.4500 | +10.1% |
| 2022 | $5.2100 | $5.8600 | +12.5% |
| 2021 | $4.5300 | $5.2100 | +15.0% |
| 2020 | $3.7800 | $4.5300 | +19.8% |
| 2019 | $3.1500 | $3.7800 | +20.0% |
| 2018 | $2.6200 | $3.1500 | +20.2% |
| 2017 | $2.1700 | $2.6200 | +20.7% |
| 2016 | $1.8100 | $2.1700 | +19.9% |
| 2015 | $1.4000 | $1.8100 | +29.3% |
| 2014 | $1.1000 | $1.4000 | +27.3% |
| 2013 | $0.9000 | $1.1000 | +22.2% |
| 2012 | — | $0.9000 | — |
- 2026—
- 2025$6.8000
- 2024$6.4800
- 2023$6.4500
- 2022$5.8600
- 2021$5.2100
- 2020$4.5300
- 2019$3.7800
- 2018$3.1500
- 2017$2.6200
- 2016$2.1700
- 2015$1.8100
- 2014$1.4000
- 2013$1.1000
- 2012$0.9000
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Frequently asked questions
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