2024-03-24 21:48:15 ET
Summary
- American Tower recently cut its dividend, but it's not a cause for concern as the company remains in a strong position for growth.
- The company has a resilient infrastructure with a large portfolio of towers and data centers, providing stable revenue streams.
- Analysts predict accelerating growth for American Tower after 2024, backed by favorable secular growth trends like IoT.
Introduction
On November 2, I wrote an article titled "Down 40% - 3.6%-Yielding American Tower Is A Deep-Value Opportunity."
Since then, shares have returned roughly 6%. It's a good start, but nothing compared to the 21% return of the S&P 500....
Read the full article on Seeking Alpha
For further details see:
American Tower: Don't Be Fooled By The Dividend Cut