Super-Charged American Tower Corp. OKs Dividend


Its shares, like most on Wall Street, started slumping on May 6. On Friday, they rocked forward by 4.8%, putting American Tower Corp. at $244.53 and back on track toward its 1-year target price of $291.

What propelled AMT on an otherwise dismal day for U.S. financial markets? A hefty dividend is in the works.

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