Armada Hoffler Correction to Record Date for Preferred Stock Quarterly Dividend

Rhea-AI Summary

Armada Hoffler (NYSE: AHH) has issued a correction to its December 13, 2024 dividend announcement, specifically regarding the record date for its Series A Preferred Stock dividend. The correct record date is January 2, 2025, not December 31, 2024. The company's Board of Directors has declared a cash dividend of $0.421875 per share on its 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock, payable on January 15, 2025. All other dividend details, including common stock dividend record date, payment dates, and dividend amounts remain unchanged.

Positive

• Maintains consistent preferred stock dividend payment of $0.421875 per share

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• None.

VIRGINIA BEACH, Va., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) announced that its press release issued under the headline “Armada Hoffler Announces Quarterly Dividend” on December 13, 2024 was changed only to correct the record date for the cash dividend on its 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock. The record date for the cash dividend on Armada Hoffler’s 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock is January 2, 2025, rather than December 31, 2024. The record date for the cash dividend on Armada Hoffler’s common stock and the payment dates and dividend amounts for the dividends on Armada Hoffler’s common stock and 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock remain unchanged.

The updated paragraph regarding Armada Hoffler’s cash dividend on its 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock is set forth in its entirety below:

The Board of Directors also declared a cash dividend of $0.421875 per share on its 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock payable on January 15, 2025, to stockholders of record on January 2, 2025.

About Armada Hoffler

Armada Hoffler is a vertically integrated, self-managed real estate investment trust ("REIT") with over four decades of experience developing, building, acquiring, and managing high-quality, institutional-grade office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States. In addition to developing and building properties for its own account, the Company also provides development and general contracting construction services to third-party clients. Founded in 1979 by Daniel A. Hoffler, the Company has elected to be taxed as a REIT for U.S. federal income tax purposes. For more information, visit ArmadaHoffler.com.

Contact:
Chelsea Forrest
Armada Hoffler
VP of Corp. Comms. and Investor Relations
Email: cforrest@armadahoffler.com
Phone: (757) 366-4000

FAQ

What is the new record date for AHH's Series A Preferred Stock dividend?

The new record date for Armada Hoffler's Series A Preferred Stock dividend is January 2, 2025, corrected from the previously announced December 31, 2024.

When will AHH pay its Series A Preferred Stock dividend for January 2025?

Armada Hoffler will pay its Series A Preferred Stock dividend on January 15, 2025.

How much is AHH's Series A Preferred Stock dividend payment?

The Series A Preferred Stock dividend payment is $0.421875 per share.

What is the yield rate for AHH's Series A Preferred Stock?

The Series A Preferred Stock has a 6.75% yield rate, as it is a 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock.