NEW YORK (
) -- The ex-dividend date for
) is tomorrow, June 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $68.94 as of 9:30 a.m. ET, the dividend yield is 1.3%.
The average volume for American Tower has been 2.4 million shares per day over the past 30 days. American Tower has a market cap of $26.58 billion and is part of the
industry. Shares are up 14.2% year to date as of the close of trading on Tuesday.
American Tower Corporation, a real estate investment trust, operates as a wireless and broadcast communications infrastructure company. It develops, owns, and operates communications sites. The company has a P/E ratio of 51, equal to the average telecommunications industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates American Tower as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full