American Tower Corporation (AMT)
Over the past 12 months, American Tower Corporation's Payout Ratio is 94.44%. AMT has a payout ratio of 94.4%, based on $5.10 of dividends per share and $6.19 of EPS.
REIT note: for real-estate investment trusts the net-income payout ratio overstates the dividend, because large non-cash depreciation depresses GAAP earnings. REITs are evaluated on FFO / AFFO payout (the industry standard) and on the FCF payout — a payout above 100% here is normal for a REIT and is not, by itself, a sign the dividend is unsafe.
AMT Payout Ratio History
Annual Payout Ratio History
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $5.40 | $6.80 | 125.9% |
| 2024 | $4.83 | $6.48 | 134.2% |
| 2023 | $3.18 | $6.45 | 202.8% |
| 2022 | $3.83 | $5.86 | 153.0% |
| 2021 | $5.69 | $5.21 | 91.6% |
| 2020 | $3.81 | $4.53 | 118.9% |
| 2019 | $4.27 | $3.78 | 88.5% |
| 2018 | $2.81 | $3.15 | 112.1% |
| 2017 | $2.69 | $2.62 | 97.4% |
| 2016 | $2.00 | $2.17 | 108.5% |
| 2015 | $1.42 | $1.81 | 127.5% |
| 2014 | $2.02 | $1.40 | 69.3% |
| 2013 | $1.40 | $1.10 | 78.6% |
| 2012 | $1.61 | $0.90 | 55.9% |
| 2011 | $1.00 | $0.35 | 35.0% |
| 2010 | $0.93 | $0.00 | 0.0% |
| 2009 | $0.62 | $0.00 | 0.0% |
| 2008 | $0.88 | $0.00 | 0.0% |
| 2007 | $0.14 | $0.00 | 0.0% |
| 2006 | $0.06 | $0.00 | 0.0% |
| 2005 | ($0.57) | $0.00 | N/A (Loss) |
| 2004 | ($1.10) | $0.00 | N/A (Loss) |
| 2003 | ($1.46) | $0.00 | N/A (Loss) |
| 2002 | ($5.84) | $0.00 | N/A (Loss) |
| 2001 | ($2.35) | $0.00 | N/A (Loss) |
| 2000 | ($1.15) | $0.00 | N/A (Loss) |
| 1999 | ($0.34) | $0.00 | N/A (Loss) |
| 1998 | ($0.59) | $0.00 | N/A (Loss) |
| 1997 | ($0.01) | $0.00 | N/A (Loss) |
About American Tower Corporation
American Tower Corporation, a prominent global Real Estate Investment Trust (REIT), stands as a premier independent entity specializing in the ownership, operation, and development of shared telecommunications infrastructure. The company manages an extensive portfolio of approximately 219,000 communication sites worldwide. For additional details, including earnings materials and investor presentations, please visit their investor relations website at www.americantower.com.
- Sector
- Real Estate
- Industry
- REIT - Specialty
- CEO
- Steven O. Vondran