This $2.5 Billion Acquisition Will Enhance These High-Yielding Dividend Stocks
The Motley Fool
JANUARY 9, 2024
American Tower will use the cash proceeds from the deal to repay debt. The REIT has focused on deleveraging its balance sheet over the last few years to pay down debt related to a couple of large-scale acquisitions it made in 2021, including buying data center REIT CoreSite Realty. yielding dividend by 5% to 9% per year.
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