American Tower: Attractive Yield Following Share Price Slump
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American Tower Corporation (AMT) presents an attractive investment opportunity with a 3.6% dividend yield and potential for growth through additional tenants, new infrastructure, and M&A. Despite recent currency headwinds affecting EBITDA, the company plans to divest its India business to reduce debt and expects a 7% pro forma FFO per share growth this year.
December 20, 2024 | 3:30 pm
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American Tower Corporation offers a 3.6% dividend yield and potential for growth through additional tenants, new infrastructure, and M&A. The company plans to divest its India business to reduce debt, with a projected 7% pro forma FFO per share growth this year.
The article highlights American Tower's attractive dividend yield and growth potential, which are positive indicators for investors. The divestment of its India business to reduce debt and the expected 7% FFO per share growth further support a positive short-term outlook.
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IMPORTANCE 80
RELEVANCE 100