AvalonBay Communities, Inc. Declares Second Quarter 2024 Dividends

Rhea-AI Summary

AvalonBay Communities (NYSE: AVB) has announced a cash dividend of $1.70 per share for the second quarter of 2024. This dividend will be paid on July 15, 2024, to shareholders recorded by June 28, 2024. The announcement reflects the company's ongoing commitment to returning value to its shareholders.

Positive

• Dividend of $1.70 per share for Q2 2024.
• Dividend payout date set for July 15, 2024.
• Commitment to returning value to shareholders.

Negative

• None.

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 second quarter of 2024. The Common Stock dividend is $1.70 per share and is payable July 15, 2024, to all Common Stockholders of Record as of June 28, 2024.

About AvalonBay Communities, Inc.

As of March 31, 2024, the Company owned or held a direct or indirect ownership interest in 299 apartment communities containing 90,673 apartment homes in 12 states and the District of Columbia, of which 17 communities were under development. 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 regions 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 https://www.avalonbay.com.

Copyright © 2024 AvalonBay Communities, Inc. All Rights Reserved

View source version on businesswire.com: https://www.businesswire.com/news/home/20240516775528/en/

Jason Reilley

Vice President

Investor Relations

AvalonBay Communities, Inc.

703-317-4681

Source: AvalonBay Communities, Inc.

FAQ

What dividend did AvalonBay Communities (AVB) declare for the second quarter of 2024?

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

When is the dividend payout date for AvalonBay Communities (AVB) Q2 2024 dividend?

The dividend payout date for AvalonBay Communities Q2 2024 dividend is July 15, 2024.

What is the record date for AvalonBay Communities (AVB) Q2 2024 dividend?

The record date for AvalonBay Communities Q2 2024 dividend is June 28, 2024.

What is the stock symbol for AvalonBay Communities?

The stock symbol for AvalonBay Communities is AVB.