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 American Tower is authorized to repurchase up to $2.0 billion of its common stock. The towerco currently has approximately $345 million remaining under its existing stock repurchase program approved in March 2011.
December 8, 2017
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