MAA Announces Regular Quarterly Preferred Dividend

Rhea-AI Summary

Mid-America Apartment Communities, Inc. (MAA) has declared a quarterly dividend of $1.0625 per share on its 8.50% Series I Cumulative Redeemable Preferred Stock. This dividend is payable on September 30, 2022, to shareholders of record as of September 15, 2022. The company operates as a self-administered REIT and is part of the S&P 500, focusing on apartment communities mainly in the Southeast, Southwest, and Mid-Atlantic U.S. regions.

Positive

• Quarterly dividend of $1.0625 per preferred share reflects strong performance.
• Regular dividend payments can enhance shareholder confidence.

Negative

• Forward-looking statements indicate potential risks to future dividend payments.
• Economic downturns and rising real estate taxes may impact financial performance.

GERMANTOWN, Tenn., Sept. 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 September 30, 2022, to shareholders of record on September 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.

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SOURCE MAA

FAQ

What is the dividend amount for MAA announced on September 1, 2022?

The announced dividend is $1.0625 per share on the 8.50% Series I Cumulative Redeemable Preferred Stock.

When will the MAA dividend be paid?

The dividend is payable on September 30, 2022.

Who is eligible for the MAA dividend payment?

Shareholders of record as of September 15, 2022, are eligible for the dividend.

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

Risks include economic downturns, increases in real estate taxes, and market volatility.