MAA Announces Regular Quarterly Preferred Dividend

Rhea-AI Summary

MAA (NYSE: MAA) has declared its regular quarterly dividend for its 8.50% Series I Cumulative Redeemable Preferred Stock. The company will distribute $1.0625 per outstanding share to shareholders. The dividend will be paid on March 31, 2025, to stockholders of record as of March 14, 2025.

Positive

• 8.50% preferred dividend yield maintained
• Consistent quarterly dividend payment schedule

Negative

• None.

News Market Reaction – MAA

-1.62%

1 alert

-1.62% News Effect

On the day this news was published, MAA declined 1.62%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

GERMANTOWN, Tenn., March 3, 2025 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced a full quarterly dividend of $1.0625 per outstanding share of its 8.50% Series I Cumulative Redeemable Preferred Stock.  The dividend is payable on March 31, 2025, to shareholders of record on March 14, 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 the "For Investors" page at www.maac.com or contact Investor Relations at investor.relations@maac.com.

Forward-Looking Statements
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 preferred dividends. The ability to meet the payment of preferred 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 the dividend amount for MAA's Series I Preferred Stock in March 2025?

MAA's Series I Preferred Stock dividend is $1.0625 per share for March 2025.

When is the record date for MAA's Series I Preferred dividend?

The record date is March 14, 2025.

What is the payment date for MAA's latest preferred dividend?

The dividend payment date is March 31, 2025.

What is the annual yield rate for MAA's Series I Preferred Stock?

The Series I Preferred Stock carries an 8.50% annual dividend rate.