Summary
American Tower Corporation (AMT) filed an 8-K on September 19, 2012, to announce a regular quarterly cash distribution to its shareholders. The company's Board of Directors declared a dividend of $0.23 per share. This distribution will be paid on October 15, 2012, to shareholders of record as of the close of business on October 1, 2012. This announcement is routine in nature and reflects the company's ongoing commitment to returning capital to its investors. For shareholders, the key takeaway is the confirmation of a consistent dividend payment, reinforcing the income-generating aspect of their investment in American Tower.
Key Highlights
- 1Declaration of a quarterly cash distribution of $0.23 per share.
- 2Payment date for the distribution is October 15, 2012.
- 3Record date for the distribution is October 1, 2012.
- 4The announcement was made via a press release filed as an exhibit to the 8-K.
- 5The filing was made on September 19, 2012.
- 6Thomas A. Bartlett, EVP, CFO and Treasurer, signed the filing.
Frequently Asked Questions
The primary purpose of this 8-K filing is to formally announce American Tower Corporation's declaration of a quarterly cash dividend to its shareholders.
The cash distribution declared is $0.23 per share of common stock.
The dividend payment is scheduled to be made on October 15, 2012, to shareholders who are on record as of October 1, 2012.
Based on the context of the filing, this appears to be a regular quarterly dividend, a common practice for mature companies like American Tower to distribute earnings to shareholders.