MTNOY

American Tower Beats Estimates and Raises Guidance

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Image Shown: An overview of American Tower Corporation’s global asset base. Image Source: American Tower Corporation – First Quarter of 2022 IR Earnings Presentation By Callum Turcan American Tower Corporation (AMT) is a real estate investment trust (‘REIT’) with a global portfolio of ~221,000 multi-tenant communications properties. We include American Tower as an idea in the High Yield Dividend Newsletter portfolio as its dividend growth track record and outlook are rock-solid. Shares of AMT yield ~2.3% as of this writing. Historically, the REIT has generated substantial “excess” free cash flows (after fully covering its total distribution obligations). Looking ahead, American Tower should continue to be a cash flow cow, highlighting one of the reasons we are big fans of the REIT. … Read more

High-Yielding American Tower Is a Free Cash Flow Cow

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Image Shown: American Tower Corporation operates the tower structure and related land parcel of cell tower assets, while its tenants handle the remainder. Image Source: American Tower Corporation – Third Quarter of 2021 IR Earnings Presentation By Callum Turcan Rising geopolitical tensions, inflationary headwinds, supply chain hurdles, and pressures from the rising interest rate environment are all weighing negatively on equity markets. Through the end of normal trading hours on February 19, the S&P 500 (SPY) is down over 9% and the Vanguard Real Estate Index Fund ETF (VNQ) is down over 11% year-to-date on a price only basis. In our view, this selloff presents an opportunity for investors with a longer term focus to consider high-quality REITs such as … Read more

Dividend Increases/Decreases for the Week of April 19

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Below we provide a list of firms that raised their dividends during the week ending April 19. 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                          Absa Group Limited (AGRPY): now $0.57 per share semi-annual dividend, was $0.55. Airbus SE (EADSY): now $0.363 per share annual dividend, was $0.357. Alm. Brand A/S (ABDBY): now $0.1024 per share annual dividend, was $0.0552. Bae Systems plc (BAESY): now $0.902 per share semi-annual dividend, was $0.553. Banca Mediolanum S.p.A. (BNCDY): now $0.617 per share semi-annual dividend, was $0.393. Bar Harbor Bankshares (BHB): now … Read more