What is the amount of the next dividend payment and when will it be paid?

The Board of Directors declared a cash distribution of $1.31 per share. This dividend is payable on October 15, 2021.

Who is eligible to receive the dividend payment?

Shareholders of record at the close of business on September 28, 2021, will be eligible to receive the dividend payment.

Why is American Tower redeeming its 4.70% senior unsecured notes due 2022?

The company elected to call for redemption of these notes as part of its debt management strategy. This could be to refinance at a lower interest rate, optimize its capital structure, or reduce future interest expenses. The exact reasons are not detailed in this filing, but it's a proactive financial decision.

What is the total cost to American Tower for redeeming the 2022 notes?

The redemption price will be equal to the principal amount of the 4.70% notes, plus a make-whole premium calculated according to the indenture, and any accrued and unpaid interest up to the redemption date of October 18, 2021. The specific total cost is not provided in this 8-K filing but will be determinable based on the note's terms and the redemption date.

AMT 8-K SEC Disclosure — Sep 16, 2021

Summary

American Tower Corporation (AMT) announced two significant financial actions on September 16, 2021. First, the Board of Directors declared a quarterly cash distribution of $1.31 per share, maintaining its commitment to returning capital to shareholders. This dividend is payable on October 15, 2021, to shareholders of record as of September 28, 2021, indicating continued regular income for investors. Second, AMT has elected to redeem all of its outstanding 4.70% senior unsecured notes due in 2022. This early redemption, scheduled for October 18, 2021, will occur at a price that includes the principal amount, a make-whole premium, and any accrued interest. This proactive debt management strategy suggests the company is optimizing its capital structure, potentially taking advantage of favorable interest rate environments or seeking to reduce future interest expenses.

Key Highlights

1Declaration of a quarterly cash dividend of $1.31 per share, payable October 15, 2021.
2Record date for the dividend is September 28, 2021.
3Election to redeem all outstanding 4.70% senior unsecured notes due 2022.
4Redemption date for the 4.70% notes is set for October 18, 2021.
5Redemption price includes principal, a make-whole premium, and accrued interest.
6Company is proactively managing its debt obligations and capital structure.

AMERICAN TOWER CORP /MA/ 8-K Report, Corporate Update (Sep 16, 2021)

Summary

Key Highlights

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