MAA Announces Regular Quarterly Preferred Dividend

Rhea-AI Summary

Mid-America Apartment Communities, Inc. (MAA) declared a quarterly dividend of $1.0625 per share for its 8.50% Series I Cumulative Redeemable Preferred Stock. This dividend will be payable on December 31, 2021, to shareholders recorded as of December 15, 2021. MAA operates as a self-administered real estate investment trust (REIT) and is part of the S&P 500, focusing on apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the U.S.

Positive

• Dividend of $1.0625 enhances shareholder income.
• Continued commitment to paying dividends reflects company confidence.

Negative

• Potential risks to future dividend payments due to economic downturns and interest rate changes.

GERMANTOWN, Tenn., Dec. 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 December 31, 2021, to shareholders of record on December 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 declared by MAA in December 2021?

MAA declared a dividend of $1.0625 per share.

When is the dividend payment date for MAA's preferred stock?

The dividend is payable on December 31, 2021.

What is the record date for MAA's dividend payment?

The record date for the dividend is December 15, 2021.

What type of stock does MAA's dividend pertain to?

The dividend pertains to MAA's 8.50% Series I Cumulative Redeemable Preferred Stock.

Are there any risks associated with MAA's ability to pay dividends?

Yes, potential risks include economic downturns and fluctuations in interest rates.