Summary
American Tower Corporation (AMT) announced the election of Kelly C. Chambliss to its Board of Directors, effective March 10, 2022. Ms. Chambliss brings extensive experience from her senior leadership roles at IBM Consulting, including her most recent position as Senior Vice President and Chief Operating Officer. Notably, she previously served on the Board of Directors of CoreSite Realty Corporation, a company recently acquired by American Tower. Her appointment is expected to enhance the Board's expertise, particularly given her background in technology and operations within a major global corporation. In addition to the board appointment, the company's Board of Directors also declared a quarterly cash distribution of $1.40 per share of common stock. This distribution is payable on April 29, 2022, to stockholders of record as of April 13, 2022. This consistent dividend payout underscores American Tower's commitment to returning capital to its shareholders, a key factor for income-oriented investors in the real estate investment trust (REIT) sector.
Key Highlights
- 1Kelly C. Chambliss appointed to the Board of Directors, effective immediately.
- 2Ms. Chambliss possesses significant experience from IBM Consulting, including roles as COO and CTO.
- 3Ms. Chambliss previously served on the Board of Directors of CoreSite Realty Corporation.
- 4The Board declared a quarterly cash distribution of $1.40 per share.
- 5The distribution is scheduled to be paid on April 29, 2022.
- 6Record date for the distribution is April 13, 2022.