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MAA Announces Quarterly Common Dividend - Mid-America Apartment (NYSE:MAA)
The REIT said the payout will go to shareholders of record on July 15 and marks its 130th straight quarterly cash dividend.
Mid-America Apartment Communities, Inc. announced on Tuesday that its board of directors approved a quarterly dividend payment of $1.53 per share of common stock.
Marking the 130th consecutive quarterly dividend, the company has never reduced or suspended its quarterly common distribution in over 30 years as a public entity.
Shareholders of record on July 15 will receive payment on July 31, preceding the quarterly earnings announcement expected on July 29.
As a self-administered REIT, MAA maintains apartment communities across the Southeast, Southwest, and Mid-Atlantic regions to drive full-cycle investment performance.
Future distributions remain subject to risks detailed in filings with the Securities and Exchange Commission, including economic downturns, rising real estate taxes, and interest rate volatility.