American Tower’s Dividend Strength Hinges on Tower Lease Economics and Data Center Expansion
American Tower (AMT) shares yield 4.09% at $169.09, with 2026 AFFO guidance of $11.00-$11.17 per share covering its $7.16 dividend. The company's dividend is supported by tower lease economics and data center expansion, but faces refinancing headwinds and debt. Management prioritizes dividend growth, and analysts have a positive outlook with an average target of $215.7.



