Armada Hoffler Announces Quarterly Dividend

Rhea-AI Summary

Armada Hoffler (NYSE: AHH) announced a cash dividend of $0.19 per common share for Q1 2023, payable on April 6, 2023, to stockholders of record by March 29, 2023.

Additionally, a dividend of $0.421875 per share will be distributed on its 6.75% Series A Preferred Stock, payable on April 14, 2023, to stockholders recorded by April 3, 2023.

Armada Hoffler, a self-managed REIT with over 40 years of experience, focuses on developing and managing high-quality properties primarily in the Mid-Atlantic and Southeastern U.S.

Positive

• Declaration of a cash dividend of $0.19 per common share for Q1 2023, indicative of consistent income for shareholders.
• Preferred stock dividend of $0.421875 per share reflects strong financial health.

Negative

• None.

VIRGINIA BEACH, Va., Feb. 28, 2023 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) announced that its Board of Directors declared a cash dividend of $0.19 per common share for the first quarter of 2023. The first quarter dividend will be paid in cash on April 6, 2023, to stockholders of record on March 29, 2023.

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 April 14, 2023, to stockholders of record on April 3, 2023.

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
Director of Corp. Comms. and Investor Relations
Email: CForrest@ArmadaHoffler.com
Phone: (757) 366-4000

FAQ

What is the dividend amount for Armada Hoffler's common shares?

Armada Hoffler declared a cash dividend of $0.19 per common share for the first quarter of 2023.

When will Armada Hoffler pay its first quarter dividend?

The first quarter dividend will be paid on April 6, 2023.

What is the dividend amount for Armada Hoffler's preferred shares?

The dividend for the 6.75% Series A Preferred Stock is $0.421875 per share.

When will the dividend on Armada Hoffler's preferred shares be paid?

The preferred stock dividend will be paid on April 14, 2023.

Who is eligible for the dividends declared by Armada Hoffler?

Stockholders of record as of March 29, 2023, for common shares and April 3, 2023, for preferred shares are eligible.