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NEW YORK ( TheStreet) -- The ex-dividend date for American Tower (NYSE: AMT) is Monday, April 9, 2012. Owners of shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $62.61 as of 9:30 a.m. ET, the dividend yield is 1.3%. The average volume for American Tower has been 3.1 million shares per day over the past 30 days. American Tower has a market cap of $24.55 billion and is part of the technology sector and telecommunications industry. Shares are up 4.4% year to date as of the close of trading on Wednesday. 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 63.9, below the average telecommunications industry P/E ratio of 130.1 and above the S&P 500 P/E ratio of 17.7.