Summary
American Tower Corporation (AMT) filed an 8-K report on September 12, 2013, primarily to announce a quarterly cash distribution. The company's board of directors declared a dividend of $0.28 per share. This distribution is scheduled to be paid on October 7, 2013, to shareholders of record as of the close of business on September 23, 2013. This announcement is a routine event for income-focused investors, indicating a consistent return of capital. While the amount is modest on a per-share basis, for a real estate investment trust (REIT) like American Tower, such regular dividend payments are a key component of their investment thesis. Investors should note the record and payment dates for dividend eligibility.
Key Highlights
- 1Declaration of a cash distribution of $0.28 per share.
- 2Payment date for the distribution is October 7, 2013.
- 3Record date for dividend eligibility is September 23, 2013.
- 4The press release announcing this distribution is filed as Exhibit 99.1.
- 5The filing is dated September 12, 2013, making it a timely announcement.
- 6Thomas A. Bartlett, EVP, CFO, and Treasurer, signed the filing on behalf of the company.