CLLNY

American Tower Ups Dividend Payout 6%+ But Shares Not Immune to REIT Sector Weakness

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Image Source: American Tower By Brian Nelson, CFA On December 8, American Tower (AMT) upped its quarterly payout by 6.1%, to $1.56 per share relative to its last sequential dividend issued in October, and now shares yield ~2.9% on a forward estimated basis. Equity REITs have been pummeled in 2022, and AMT has unfortunately failed to buck the trend. Though we like the scale and leverage inherent to cell tower stocks’ business models (which we’ll talk about in this work), we’re taking note of weakening adjusted funds from operations (FFO) and free cash flow trends at AMT, particularly in light of the tower operator’s massive net debt position. Interest rates have been working against REITs during 2022. Image Source: American … Read more

Dividend Increases/Decreases for the Week of November 22

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Below we provide a list of firms that raised their dividends during the week ending November 22. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week                          2020 Bulkers Ltd. (TTBKF): now $0.15 per share monthly dividend, was $0.01. AECOM (ACM): now $0.26 per share quarterly dividend, was $0.22. Agilent Technologies (A): now $0.248 per share quarterly dividend, was $0.236. Assurant (AIZ): now $0.80 per share quarterly dividend, was $0.72. Atea ASA (ATEAY): now $0.1591 per share semi-annual dividend, was $0.1401. Banca Mediolanum S.p.A. (BNCDY): now $0.7858 per share semi-annual dividend, … Read more