MAA Announces Quarterly Common Dividend

Rhea-AI Summary

MAA (NYSE: MAA), based in Germantown, TN, announced a quarterly dividend of $1.40 per share to be paid on April 28, 2023, for shareholders of record on April 14, 2023. This announcement comes ahead of MAA's earnings report, scheduled for April 26, 2023. MAA is a self-administered real estate investment trust (REIT), primarily focused on apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the U.S. The company aims to deliver strong investment performance, although dividends are subject to risks, including economic downturns and changes in interest rates.

Positive

• Quarterly dividend of $1.40 per share, providing income for shareholders.
• Dividend declared ahead of earnings report, indicating company confidence.

Negative

• Dividends are subject to risks such as economic downturns and rising interest rates.

GERMANTOWN, Tenn., March 21, 2023 /PRNewswire/ -- MAA (NYSE: MAA) today announced that its board of directors approved a quarterly dividend payment of $1.40 per share of common stock to be paid on April 28, 2023, to shareholders of record on April 14, 2023.

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 April 26, 2023.

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

FAQ

What is the dividend amount for MAA in April 2023?

MAA declared a quarterly dividend of $1.40 per share.

When is the dividend payment date for MAA?

The dividend will be paid on April 28, 2023.

What is the record date for MAA's dividend?

The record date is April 14, 2023.

When will MAA announce its earnings?

MAA's earnings announcement is scheduled for April 26, 2023.

Is MAA's dividend sustainable?

The sustainability of MAA's dividend is subject to economic conditions and interest rate fluctuations.