American Tower Corporation Declares Quarterly Distribution and Announces New Stock Repurchase Program
December 07 2017 - 8:30AM
Business Wire
American Tower Corporation (NYSE: AMT) announced that its board
of directors has declared its quarterly cash distribution of $0.70
per share on shares of the Company’s common stock. The distribution
is payable on January 16, 2018 to such stockholders of record at
the close of business on December 28, 2017.
In addition, the Company’s board of directors approved a new
stock repurchase program pursuant to which the Company is
authorized to repurchase up to $2.0 billion of its common stock.
The Company currently has approximately $345 million remaining
under its existing stock repurchase program approved in March
2011.
About American Tower
American Tower, one of the largest global REITs, is a leading
independent owner, operator and developer of multitenant
communications real estate with a portfolio of approximately
149,000 communications sites. For more information about American
Tower, please visit www.americantower.com.
Cautionary Language Regarding Forward-Looking
Statements
This press release contains “forward-looking statements”
concerning the Company’s goals, beliefs, expectations, strategies,
objectives, plans, future operating results and underlying
assumptions and other statements that are not necessarily based on
historical facts. Actual results may differ materially from those
indicated in the Company’s forward-looking statements as a result
of various factors, including those factors set forth in
Item 1A of its Form 10-K for the year ended December 31, 2016
under the caption “Risk Factors.” The Company undertakes no
obligation to update the information contained in this press
release to reflect subsequently occurring events or
circumstances.
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version on businesswire.com: http://www.businesswire.com/news/home/20171207005326/en/
American Tower CorporationIgor Khislavsky, 617-375-7500Director,
Investor Relations
American Tower (NYSE:AMT)
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