Dividend Capture Strategy: 15 High Yield Stocks to Buy in April

7. American Tower Corporation (NYSE:AMT)

Ex-Dividend Date: April 11

Dividend Yield as of March 30: 3.15%

American Tower Corporation (NYSE:AMT) is an American real estate investment trust company that specializes in wireless and broadcast communications infrastructure in several countries. The company reported mixed earnings in the fourth quarter of 2024, with revenues of $2.55 billion falling by $8.6% from the same period last year. However, the revenue beat analysts’ estimates by $35.7 million. Total property revenue of $2.48 billion grew by 2% on a YoY basis. The company recorded a substantial increase in net income, soaring to $1,231 million from just $13 million in the previous year, reflecting the effectiveness of its growth strategies and cost management efforts.

American Tower Corporation (NYSE:AMT) primarily generates revenue by leasing space on its extensive portfolio of communication sites, which include towers, distributed antenna systems, and recently acquired data center facilities. This segment is the backbone of its business, accounting for approximately 99% of total revenue. As of December 31, 2024, the company managed 148,097 sites globally, with the US and Canada contributing more than half of its revenue. It has been actively pursuing strategic growth initiatives, particularly in data center expansion, as it seeks to capitalize on emerging opportunities and drive future success.

American Tower Corporation (NYSE:AMT)’s cash position also remained strong in the quarter. The company generated $1.12 billion in operating cash flow and $746 million in free cash flow, which grew by 5% and 22.2%, respectively, on a YoY basis. It recently announced a 4.9% hike in its quarterly dividend to $1.70 per share. The stock supports a dividend yield of 3.15%, as of March 30. AMT will trade ex-dividend on April 11.