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.

TheStreet Ratings rates American Tower as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, expanding profit margins and good cash flow from operations. 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 American Tower Ratings Report.

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