Armada Hoffler Announces Quarterly Dividend

Rhea-AI Summary

Armada Hoffler (NYSE: AHH) announced that its Board of Directors declared a cash dividend of $0.205 per common share for the second quarter. This dividend will be paid on July 5, 2024, to stockholders of record as of June 26, 2024. Additionally, a dividend of $0.421875 per share on its 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock has been declared, payable on July 15, 2024, to stockholders of record on July 1, 2024.

Positive

• Declared cash dividend of $0.205 per common share for Q2 2024.
• Preferred stockholders to receive a $0.421875 per share dividend on 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock.
• Dividend payments scheduled for early July 2024, indicating strong cash flow position.

Negative

• No mention of revenue growth or profit figures in the announcement.
• Potential investor concern over the sustainability of dividends if financial performance is not disclosed.

VIRGINIA BEACH, Va., June 13, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) announced that its Board of Directors declared the cash dividend of $0.205 per common share. The second quarter dividend will be paid in cash on July 5, 2024, to stockholders of record on June 26, 2024.

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 July 15, 2024, to stockholders of record on July 1, 2024.

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 declared by Armada Hoffler (AHH) for Q2 2024?

Armada Hoffler declared a cash dividend of $0.205 per common share for Q2 2024.

When will Armada Hoffler (AHH) pay the Q2 2024 dividend?

The dividend will be paid on July 5, 2024, to stockholders of record as of June 26, 2024.

What is the dividend amount for Armada Hoffler's (AHH) 6.75% Series A Preferred Stock?

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

When is the record date for Armada Hoffler's (AHH) preferred stock dividend?

The record date for the preferred stock dividend is July 1, 2024.

When will Armada Hoffler (AHH) pay the dividend for the 6.75% Series A Preferred Stock?

The dividend for the 6.75% Series A Preferred Stock will be paid on July 15, 2024.