GERMANTOWN, Tenn. - Mid-America Apartment (NYSE:MAA) Communities, Inc. (NYSE: MAA), a real estate investment trust (REIT), announced today that its board of directors has approved a quarterly dividend of $1.47 per share on its common stock. The dividend is payable on April 30, 2024, to shareholders of record as of April 15, 2024.
This dividend declaration is in line with the company's previous quarters and comes ahead of MAA's earnings announcement, which is scheduled for May 1, 2024. The company, a member of the S&P 500, is known for its portfolio of apartment communities across the Southeast, Southwest, and Mid-Atlantic regions of the United States, focusing on delivering robust investment performance throughout various market cycles.
MAA's press release included forward-looking statements regarding the company's expectations for future dividend payments. However, it noted that actual results could vary significantly due to various factors, including economic conditions, market changes, interest rates, and uncontrollable items like rising real estate taxes. MAA's filings with the Securities and Exchange Commission, including its annual report on Form 10-K, detail the risks associated with the apartment and real estate sectors.
Investors and interested parties are reminded that the information in this news article is based on a press release statement from MAA.
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