MAA Announces Regular Quarterly Preferred Dividend

Rhea-AI Summary

Mid-America Apartment Communities, Inc. (MAA) has announced a quarterly dividend of $1.0625 per share for its 8.50% Series I Cumulative Redeemable Preferred Stock. This dividend is set to be paid on March 31, 2021, to shareholders on record as of March 15, 2021. MAA, a member of the S&P 500, focuses on providing strong investment performance in the apartment sector across the U.S.

Positive

• Quarterly dividend of $1.0625 per share indicates strong cash flow and commitment to shareholders.
• Membership in the S&P 500 suggests stability and investor confidence.

Negative

• Dividends are subject to economic conditions and market variables, posing a risk to future payments.

GERMANTOWN, Tenn., March 1, 2021 /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 March 31, 2021 to shareholders of record on March 15, 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 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.

 

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SOURCE MAA

FAQ

What is the dividend amount announced by MAA?

MAA announced a quarterly dividend of $1.0625 per share.

When will the MAA dividend be paid?

The MAA dividend will be paid on March 31, 2021.

What are the record dates for MAA's dividend payment?

Shareholders of record on March 15, 2021, will receive the dividend.

How often does MAA pay dividends?

MAA pays dividends quarterly.

Is MAA's dividend sustainable?

While MAA has announced a dividend, its sustainability is subject to economic conditions and market variables.