American Tower Stock To Go Ex-dividend Tomorrow (AMT)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- The ex-dividend date for American Tower (NYSE: AMT) is tomorrow, September 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $70.08 as of 9:30 a.m. ET, the dividend yield is 1.3%.

The average volume for American Tower has been 2.5 million shares per day over the past 30 days. American Tower has a market cap of $28.02 billion and is part of the technology sector and telecommunications industry. Shares are up 16.8% 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 61.7, 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 buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, robust revenue growth, expanding profit margins, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full American Tower Ratings Report.

See our dividend calendar or top-yielding stocks list.

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