Summary
American Tower Corporation (AMT) filed an 8-K on December 2, 2014, to announce dividend declarations. The company's Board of Directors declared a cash distribution of $0.38 per share for its common stock, payable on January 13, 2015, to shareholders of record as of December 16, 2014. This indicates a regular return of capital to common stockholders. In addition to the common stock dividend, AMT also declared a cash distribution for its 5.25% Mandatory Convertible Preferred Stock, Series A. This preferred stock dividend amounts to $1.3125 per share, with a payment date of February 16, 2015, for shareholders of record on February 1, 2015. These declarations highlight the company's commitment to distributing profits to both its common and preferred shareholders.
Key Highlights
- 1Declaration of a cash distribution for AMT common stock.
- 2Common stock dividend amount set at $0.38 per share.
- 3Record date for common stock dividend is December 16, 2014.
- 4Payment date for common stock dividend is January 13, 2015.
- 5Declaration of a cash distribution for AMT's 5.25% Mandatory Convertible Preferred Stock, Series A.
- 6Preferred stock dividend amount set at $1.3125 per share.
- 7Record date for preferred stock dividend is February 1, 2015, with a payment date of February 16, 2015.