MAA Announces Quarterly Common Dividend
MAA announced a quarterly dividend of $1.25 per share, payable on October 31, 2022, to shareholders of record by October 14, 2022. This declaration was made ahead of MAA's earnings announcement scheduled for October 26, 2022. As a self-administered real estate investment trust (REIT) and a member of the S&P 500, MAA is focused on apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the U.S.
- Quarterly dividend of $1.25 per share enhances shareholder income.
- Dividend payment scheduled to reinforce investor confidence.
- Potential risks associated with meeting dividend payments due to economic downturn or capital market changes.
GERMANTOWN, Tenn., Sept. 27, 2022 /PRNewswire/ -- MAA (NYSE: MAA) today announced that its board of directors approved a quarterly dividend payment of
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 October 26, 2022.
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 primarily 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
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