MAA Announces Increase to Quarterly Common Dividend

Rhea-AI Summary

Mid-America Apartment Communities (MAA) has announced a quarterly dividend increase. The board approved a payment of $1.515 per share of common stock, payable on January 31, 2025, to shareholders of record on January 15, 2025. This represents a 3.1% increase in the annualized dividend to $6.06 per share, marking MAA's 15th consecutive year of dividend increases. The company's earnings announcement is expected on February 5, 2025.

Positive

• 3.1% increase in annual dividend to $6.06 per share
• 15 consecutive years of dividend increases, showing consistent shareholder returns
• Quarterly dividend raised to $1.515 per share

Negative

• None.

News Market Reaction

-0.15%

1 alert

-0.15% News Effect

On the day this news was published, MAA declined 0.15%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

GERMANTOWN, Tenn., Dec. 10, 2024 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced that its board of directors approved a quarterly dividend payment of $1.515 per share of common stock to be paid on January 31, 2025, to shareholders of record on January 15, 2025.

The increase will raise the annualized dividend payment 3.1% to $6.06 per share of common stock and represents the 15^th consecutive year MAA has increased its dividend to shareholders.

As established in prior quarters, the board of directors declared the quarterly common dividend in advance of MAA's earnings announcement that is expected to be made on February 5, 2025.

About MAA 
MAA is a self-administered real estate investment trust (REIT) and member of the S&P 500. MAA owns or has ownership interest in apartment communities primarily throughout the Southeast, Southwest and Mid-Atlantic regions of the U.S. focused on delivering strong, full-cycle investment performance. For further details, please refer to www.maac.com or contact Investor Relations at investor.relations@maac.com. 

Certain matters in this press release may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended with respect to our expectations for future periods. Such statements include statements made about the payment of common dividends. The ability to meet the payment of common dividends in or contemplated by the forward-looking statements could differ materially from the projection due to a number of factors, including a downturn in general economic conditions or the capital markets, changes in interest rates and other items that are difficult to control such as increases in real estate taxes in many of our markets, as well as the other general risks inherent in the apartment and real estate businesses. Reference is hereby made to the filings of Mid-America Apartment Communities, Inc. with the Securities and Exchange Commission, including quarterly reports on Form 10-Q, reports on Form 8-K, and its annual report on Form 10-K, particularly including the risk factors contained in the latter filing.

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SOURCE MAA

FAQ

What is MAA's new quarterly dividend amount for 2025?

MAA's new quarterly dividend amount is $1.515 per share, payable on January 31, 2025.

How much did MAA increase its annual dividend in December 2024?

MAA increased its annualized dividend by 3.1% to $6.06 per share.

When is MAA's next dividend record date?

The record date for MAA's next dividend payment is January 15, 2025.

How many consecutive years has MAA increased its dividend?

MAA has increased its dividend for 15 consecutive years.