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American Tower lifts quarterly dividend by 20% after solid Q1

Wednesday 29 April 2020 | 14:10 CET | News
American Tower (ATC) will distribute a higher quarterly dividend after reporting stronger results for the first quarter. CEO Tom Bartlett said the solid quarter was helped by US organic tenant billings growth of 5.6 percent, international leasing activity and growth trends for mobile data usage. Those growth trends in particular will help see the company through the crisis caused by the ongoing coronavirus pandemic, Bartlett said. Even so, the company is taking a cautious stand looking ahead, and has lowered its full year outlook.

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Categories: Mobile & Wireless
Companies: American Tower
Countries: World
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