MAA Announces Regular Quarterly Preferred Dividend

Rhea-AI Summary

Mid-America Apartment Communities, Inc. (MAA) announced a quarterly dividend of $1.0625 per share for its 8.50% Series I Cumulative Redeemable Preferred Stock. The dividend is scheduled for payment on June 30, 2022, to shareholders on record as of June 15, 2022. MAA, a self-administered real estate investment trust (REIT) and S&P 500 member, focuses on delivering strong investment performance in apartment communities predominantly located in the Southeast, Southwest, and Mid-Atlantic regions of the U.S.

Positive

• Quarterly dividend of $1.0625 per share providing consistent income for shareholders.
• MAA is a member of the S&P 500, indicating strong market presence and credibility.

Negative

• Potential challenges in meeting preferred dividend payments due to economic downturns or changes in capital markets.
• Risk factors include increases in real estate taxes and the overall volatility in the apartment and real estate sectors.

GERMANTOWN, Tenn., June 1, 2022 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced a full quarterly dividend of $1.0625 per outstanding share of its 8.50% Series I Cumulative Redeemable Preferred Stock.  The dividend is payable on June 30, 2022, to shareholders of record on June 15, 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 the "For Investors" page at www.maac.com or contact Investor Relations at investor.relations@maac.com.

Forward-Looking Statements
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 preferred dividends. The ability to meet the payment of preferred 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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/maa-announces-regular-quarterly-preferred-dividend-301559464.html

SOURCE MAA

FAQ

What is the dividend amount for MAA in June 2022?

The dividend amount for MAA in June 2022 is $1.0625 per share.

When will MAA pay its quarterly dividend?

MAA will pay its quarterly dividend on June 30, 2022.

Who is eligible to receive the MAA dividend?

Shareholders of record on June 15, 2022, are eligible to receive the MAA dividend.

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

Risks include potential economic downturns and increases in real estate taxes that may affect MAA's ability to meet dividend payments.