On March 14, 2024, the Board of American Tower Corporation declared a quarterly cash distribution of $1.62 per share on shares of the Company?s common stock. The distribution is payable on April 26, 2024 to the stockholders of record at the close of business on April 12, 2024. As communicated on the Company?s fourth quarter 2023 earnings conference call, the distribution of $1.62 per share represents a step down compared to the fourth quarter 2023 dividend of $1.70 per share and the Company expects to maintain an annual dividend payout in 2024 that is relatively flat compared to that of 2023, subject to Board approval.

Additionally, the Company anticipates paying out its annual dividend through a flat quarterly dividend per share cadence in 2024, also subject to Board approval.