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AvalonBay Communities, Inc. Declares Second Quarter 2022 Dividends
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
AvalonBay Communities, Inc. (NYSE: AVB) declared a cash dividend of $1.59 per share for Q2 2022. This dividend is payable on July 15, 2022, to shareholders of record as of June 30, 2022. As of March 31, 2022, AvalonBay managed 296 apartment communities with 87,918 homes across 12 states and the District of Columbia, including 18 communities under development. The company focuses on key markets, including New England, the New York/New Jersey Metro area, and expanding into areas like Raleigh-Durham and Charlotte.
Positive
Declared a cash dividend of $1.59 per share, indicating strong cash flow and commitment to returning value to shareholders.
Company owns and manages a substantial portfolio of 296 communities, enhancing operational scalability and market presence.
Negative
None.
ARLINGTON, Va.--(BUSINESS WIRE)--
AvalonBay Communities, Inc. (NYSE: AVB) 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 second quarter of 2022. The Common Stock dividend is $1.59 per share and is payable July 15, 2022, to all Common Stockholders of Record as of June 30, 2022.
About AvalonBay Communities, Inc.
As of March 31, 2022, the Company owned or held a direct or indirect ownership interest in 296 apartment communities containing 87,918 apartment homes in 12 states and the District of Columbia, of which 18 communities were under development and two communities were under redevelopment. The Company 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 markets of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado. More information may be found on the Company’s website at http://www.avalonbay.com.
Jason Reilley Vice President
Investor Relations
AvalonBay Communities, Inc. 703-317-4681
Source: AvalonBay Communities, Inc.
FAQ
What is the dividend amount declared by AvalonBay Communities, Inc.?
AvalonBay Communities declared a cash dividend of $1.59 per share for Q2 2022.
When will the dividend be paid to AvalonBay shareholders?
The dividend will be paid on July 15, 2022, to shareholders of record as of June 30, 2022.
What is the significance of AvalonBay's dividend announcement?
The dividend announcement reflects AvalonBay's financial strength and commitment to shareholder returns.
How many apartment communities does AvalonBay own?
As of March 31, 2022, AvalonBay owned or had an interest in 296 apartment communities.
What markets does AvalonBay operate in?
AvalonBay operates in key metropolitan areas, including New England, New York/New Jersey, Mid-Atlantic, and expanding markets like Raleigh-Durham and Charlotte.
