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American Tower Corp's Mandatory Convertible Preferred Stock, Series A Ex-Dividend Reminder

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Shutterstock photo

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On 1/30/17, American Tower Corp's 5.25% Mandatory Convertible Preferred Stock, Series A (Symbol: AMT.PRA) will trade ex-dividend, for its quarterly dividend of $1.3125, payable on 2/15/17. As a percentage of AMT.PRA's recent share price of $104.12, this dividend works out to approximately 1.26%, so look for shares of AMT.PRA to trade 1.26% lower - all else being equal - when AMT.PRA shares open for trading on 1/30/17. On an annualized basis, the current yield is approximately 5.05%, which compares to an average yield of 6.95% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of AMT.PRA shares, versus AMT:

Performance Comparison Chart

Below is a dividend history chart for AMT.PRA, showing historical dividends prior to the most recent $1.3125 on American Tower Corp's 5.25% Mandatory Convertible Preferred Stock, Series A :

AMT.PRA+Dividend+History+Chart

According to the ETF Finder at ETF Channel, American Tower Corp (Symbol: AMT) makes up 4.65% of the iShares U.S. Real Estate ETF ( IYR ) which is trading higher by about 0.1% on the day Thursday.

In Thursday trading, American Tower Corp's 5.25% Mandatory Convertible Preferred Stock, Series A (Symbol: AMT.PRA) is currently trading flat on the day, while the common shares (Symbol: AMT) are up about 0.7%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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