Summary
American Tower Corporation (AMT) announced on September 7, 2018, that its Board of Directors declared a quarterly cash distribution of $0.79 per share of common stock. This distribution is a direct return of capital to shareholders and reflects the company's ongoing commitment to providing value to its investors. The distribution is payable on October 17, 2018, to shareholders of record as of the close of business on September 28, 2018. This filing primarily serves to inform investors about the dividend declaration, a key metric for many income-focused investors in real estate investment trusts (REITs) and similar entities like American Tower.
Key Highlights
- 1Board of Directors declared a cash distribution of $0.79 per share.
- 2Distribution is for the Company's common stock.
- 3Payment date for the distribution is October 17, 2018.
- 4Record date for the distribution is September 28, 2018.
- 5The announcement was made via a press release dated September 7, 2018.
- 6This event is classified under 'Other Events' (Item 8.01) in the 8-K filing.
Frequently Asked Questions
The primary purpose of this 8-K filing is to announce the declaration of a quarterly cash distribution (dividend) by American Tower Corporation's Board of Directors.
The cash distribution declared is $0.79 per share of the Company's common stock.
The cash distribution will be paid on October 17, 2018, to shareholders who own the stock as of the close of business on September 28, 2018 (the record date).
Based on the typical reporting practices for such announcements, this is presented as a regular cash distribution, likely a quarterly dividend, reflecting the company's ongoing payout policy.