Buy This Blue-Chip Dividend Stock and Relax
Blue-chip stocks have the size, financial strength, market position, and prospects to help an investor's personal portfolio without a lot of drama.
American Tower (NYSE: AMT) is such a company. This real estate investment trust (REIT) is the world's largest private provider of telecommunications infrastructure, with a portfolio of nearly 226,000 communications sites worldwide, including about 42,000 in the U.S. and Canada.
This REIT grew by building and leasing mission-critical cell-tower space to mobile carriers and now thousands of other customers. Its expansion into small-cell technology and data centers should see it continue as a critical and profitable player in the rollout of 5G and other connective digital technologies for years to come -- with the safety of a blue chip added in.
Source Fool.com
