MAA Announces Quarterly Common Dividend
MAA (NYSE: MAA) announced a quarterly dividend of $1.00 per share, payable on October 30, 2020, to shareholders of record on October 15, 2020. This declaration precedes MAA's earnings announcement expected on October 28, 2020. As a member of the S&P 500, MAA is focused on apartment communities across the Southeast, Southwest, and Mid-Atlantic regions, aiming for strong investment performance.
- Quarterly dividend of $1.00 per share announced.
- Dividend payment date set for October 30, 2020.
- Confidence in business stability as reflected by consistent dividend payments.
- Dividend payment could be affected by economic downturns or interest rate fluctuations.
GERMANTOWN, Tenn., Sept. 24, 2020 /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 28, 2020.
About MAA
MAA is a self-administered real estate investment trust (REIT) and member of the S&P 500. MAA 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
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