In a recent press release, American Tower Corporation (NYSE: AMT) announced its quarterly cash distribution of $1. 62 per share on shares of the Company's common stock.The distribution is set to be payable on July 12, 2024, to stockholders of record as of June 14, 2024.This news comes as American Tower, one of the largest global REITs, continues to establish itself as a leading independent owner, operator, and developer of multitenant communications real estate.