American Tower (AMT) is a buy for the dividend growth investor and total return investor. American Tower is one of the largest providers of wireless communications services and is a growth investment that should be in all tech portfolios because of the expanding demand for 5G wireless streaming capability.
The company is being reviewed using The Good Business Portfolio guidelines, my IRA portfolio of good business companies that are balanced among all styles of investing. AMT is 0.92% of the Good Business Portfolio, a starter position of the portfolio. The company has steady growth and has plenty of cash it uses to buy bolt-on companies and increase the dividend each quarter.
When I scanned the five-year chart, American Tower has a good chart going up and to the right in a steady, strong slope for four of the five years with a pause in 2015 when the market was a bit negative. Recently AMT's price has gone up with the market.
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