AvalonBay Communities, Inc. Declares Fourth Quarter 2024 Dividends

Rhea-AI Summary

AvalonBay Communities (NYSE: AVB) has announced its fourth quarter 2024 dividend declaration. The company's Board of Directors has approved a cash dividend of $1.70 per share on Common Stock, which will be paid on January 15, 2025, to stockholders of record as of December 31, 2024.

Positive

• Maintained quarterly dividend distribution of $1.70 per share

Negative

• None.

Insights

Financial Analyst

The quarterly dividend announcement of $1.70 per share maintains AvalonBay's consistent dividend policy, representing an annualized dividend of $6.80 per share. At current stock prices, this translates to a dividend yield of approximately 3.5%, which is competitive within the residential REIT sector. The maintained dividend level signals management's confidence in the company's stable cash flow generation and commitment to shareholder returns. This is particularly noteworthy given the current market environment where many REITs are under pressure from higher interest rates. The dividend will be distributed to shareholders in January 2025, providing a predictable income stream for investors.

ARLINGTON, Va.--(BUSINESS WIRE)-- AvalonBay Communities, Inc. (NYSE: AVB) (the “Company”) announced today that its Board of Directors declared a cash dividend on the Company’s Common Stock (par value $0.01 per share) for the fourth quarter of 2024. The Common Stock dividend is $1.70 per share and is payable January 15, 2025, to all Common Stockholders of Record as of December 31, 2024.

About AvalonBay Communities, Inc.

AvalonBay Communities, Inc., a member of the S&P 500, is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado. As of September 30, 2024, the Company owned or held a direct or indirect ownership interest in 305 apartment communities containing 92,908 apartment homes in 12 states and the District of Columbia, of which 19 communities were under development.

Copyright © 2024 AvalonBay Communities, Inc. All Rights Reserved

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Jason Reilley

Vice President

Investor Relations

AvalonBay Communities, Inc.

703-317-4681

Source: AvalonBay Communities, Inc.

FAQ

What is AvalonBay Communities' (AVB) dividend amount for Q4 2024?

AvalonBay Communities declared a dividend of $1.70 per share for the fourth quarter of 2024.

When will AVB pay its Q4 2024 dividend?

The Q4 2024 dividend will be paid on January 15, 2025, to stockholders of record as of December 31, 2024.

What is the record date for AvalonBay's (AVB) Q4 2024 dividend?

The record date for AvalonBay's Q4 2024 dividend is December 31, 2024.