American Homes 4 Rent Announces 80% Increase in Quarterly Distribution
American Homes 4 Rent (NYSE: AMH) announced an 80% increase in its quarterly dividend to $0.18 per share, payable on March 31, 2022. This significant increase from the previous $0.10 reflects the company's strong performance and commitment to returning value to shareholders. The Board also declared dividends on preferred shares: $0.36719 for Series F and G, and $0.39063 for Series H, also payable on March 31, 2022. As of September 30, 2021, AMH owned 56,077 properties across 22 states.
- Quarterly dividend increased by 80% to $0.18 per share.
- Strong financial performance indicated by the ability to raise dividends.
- Continued confidence in returning value to shareholders.
- None.
CALABASAS, Calif., Feb. 17, 2022 /PRNewswire/ -- American Homes 4 Rent (NYSE: AMH) (the "Company"), a leading provider of high-quality single-family homes for rent, today announced that the Board of Trustees declared a dividend of
The Board of Trustees also declared a per share quarterly distribution on the Company's cumulative redeemable perpetual preferred shares of
About American Homes 4 Rent
American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is a nationally recognized brand for rental homes, known for high-quality, good value and resident satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, developing, renovating, leasing, and operating attractive, single-family homes as rental properties. As of September 30, 2021, we owned 56,077 single-family properties in selected submarkets in 22 states.
Additional information about American Homes 4 Rent is available on our website at www.americanhomes4rent.com.
Forward-Looking Statements
This press release contains "forward-looking statements" that relate to beliefs, expectations or intentions and similar statements concerning matters that are not of historical fact and are generally accompanied by words such as "believe," "expect," "will," "intend," "anticipate" or other words that convey the uncertainty of future events or outcomes. These forward-looking statements include the payment and anticipated timing of the payment of distributions of the Company's common and preferred shares. The Company has based these forward-looking statements on its current expectations and assumptions about future events. While the Company's management considers these expectations to be reasonable, they are inherently subject to risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond the Company's control and could adversely affect our cash flows and ability to pay distributions. Additional information about these and other important factors that may cause our actual results to differ materially from anticipated results expressed or implied by these forward-looking statements is available in the Company's most recent Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and other reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statement to conform to actual results or changes in expectations, except as required by applicable law.
Contacts:
American Homes 4 Rent
Investor Relations
Nicholas Fromm
Phone: (855) 794-2447
Email: investors@ah4r.com
American Homes 4 Rent
Media Relations
Megan Grabos
Phone: (805) 413-5088
Email: media@ah4r.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/american-homes-4-rent-announces-80-increase-in-quarterly-distribution-301485305.html
SOURCE American Homes 4 Rent
FAQ
What is the new quarterly dividend for AMH in 2022?
When will the dividend be paid to AMH shareholders?
What was the previous dividend rate for AMH before the increase?
How many properties does American Homes 4 Rent own?
