American Tower Poised to Benefit from AI Despite Headwinds

American Tower is a dividend-paying REIT well-positioned to benefit from AI's impact on data transmission. Its dividend yields 3.9% currently.

Demand for American Tower's towers and data centers rises with each new tech trend requiring more data, like AI. It has over 200,000 towers worldwide.

American Tower has raised its dividend payout every quarter since 2012, with the payout up 458% in the last decade.

Higher interest rates are temporarily depressing American Tower's earnings, but demand remains strong, suggesting earnings will rebound.

At beaten-down prices not seen since 2019, American Tower stock looks attractively priced for long-term investors.