MAA Announces Quarterly Common Dividend

Rhea-AI Summary

MAA (NYSE: MAA) has declared a quarterly dividend of $1.025 per share, set for payment on July 30, 2021. Shareholders of record as of July 15, 2021 will receive the dividend. This announcement comes prior to MAA's upcoming earnings announcement on July 28, 2021. MAA is a self-administered real estate investment trust focused on apartment communities across the Southeast, Southwest, and Mid-Atlantic U.S., aiming for strong full-cycle investment performance.

Positive

• Declared quarterly dividend of $1.025 per share, enhancing shareholder value.

Negative

• Potential risks to dividend sustainability due to economic downturns or changes in interest rates.

GERMANTOWN, Tenn., May 18, 2021 /PRNewswire/ -- MAA (NYSE: MAA) today announced that its board of directors approved a quarterly dividend payment of $1.025 per share of common stock to be paid on July 30, 2021 to shareholders of record on July 15, 2021.

As established in prior quarters, the board of directors declared the quarterly common dividend in advance of MAA's earnings announcement that is expected to be made on July 28, 2021.

About MAA

MAA is a self-administered real estate investment trust (REIT) and member of the S&P 500. MAA owns or has ownership interest in apartment communities throughout the Southeast, Southwest and Mid-Atlantic regions of the U.S. focused on delivering strong, full-cycle investment performance. For further details, please refer to www.maac.com or contact Investor Relations at investor.relations@maac.com.

Certain matters in this press release may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended with respect to our expectations for future periods. Such statements include statements made about the payment of common dividends. The ability to meet the payment of common dividends in or contemplated by the forward-looking statements could differ materially from the projection due to a number of factors, including a downturn in general economic conditions or the capital markets, changes in interest rates and other items that are difficult to control such as increases in real estate taxes in many of our markets, as well as the other general risks inherent in the apartment and real estate businesses. Reference is hereby made to the filings of Mid-America Apartment Communities, Inc. with the Securities and Exchange Commission, including quarterly reports on Form 10-Q, reports on Form 8-K, and its annual report on Form 10-K, particularly including the risk factors contained in the latter filing.

 

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SOURCE MAA

FAQ

What is the dividend amount for MAA in July 2021?

The dividend amount for MAA in July 2021 is $1.025 per share.

When is the dividend for MAA scheduled to be paid?

The dividend for MAA is scheduled to be paid on July 30, 2021.

Who qualifies for the MAA dividend?

Shareholders of record on July 15, 2021, qualify for the MAA dividend.

When will MAA announce its earnings report?

MAA will announce its earnings report on July 28, 2021.

What are the risks associated with MAA's dividend payments?

Risks include potential downturns in economic conditions and fluctuations in interest rates.