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Down 30%, This Elite Dividend Stock Looks Like a Great Buy Right Now

TheMotleyFool

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Down 30%, This Elite Dividend Stock Looks Like a Great Buy Right Now: https://g.foolcdn.com/editorial/images/722276/a-hand-putting-another-coin-on-a-rising-stack-next-to-a-rising-money-chart.jpg

Shares of American Tower (NYSE: AMT) have gotten shellacked over the past year. The data infrastructure-focused real estate investment trust (REIT) is down about 30% from its peak last year.

While American Tower is experiencing some headwinds, the downdraft in its stock price makes it look like a great buy these days. Shares currently yield more than 3%, which is their highest level in the past decade: