MAA Announces Regular Quarterly Preferred Dividend

Rhea-AI Summary

Mid-America Apartment Communities (MAA) announced a preferred stock dividend of $1.0625 per share for its 8.50% Series I Cumulative Redeemable Preferred Stock. This dividend is payable on January 3, 2023, to shareholders on record as of December 15, 2022. MAA, a self-administered Real Estate Investment Trust (REIT), focuses on apartment communities primarily in the Southeast, Southwest, and Mid-Atlantic regions of the U.S.

Positive

• Regular quarterly dividend of $1.0625 per share demonstrates ongoing commitment to shareholder returns.
• Preferred stock dividend reflects confidence in cash flow and operational stability.

Negative

• Potential risks to dividend sustainability due to economic downturns or increased real estate taxes.

GERMANTOWN, Tenn., Dec. 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 January 3, 2023, to shareholders of record on December 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 in December 2022?

MAA announced a dividend of $1.0625 per share for December 2022.

When is the MAA dividend payment date?

The dividend payment date for MAA is January 3, 2023.

What is the record date for the MAA dividend?

The record date for the MAA dividend is December 15, 2022.

How often does MAA pay dividends?

MAA pays dividends quarterly.

Is MAA's dividend sustainable?

MAA's dividend sustainability may be affected by economic conditions and real estate market factors.