Mid-America Apartment Communities hikes dividend by 3.1% to $1.515 quarterly

On December 10, 2024, Mid-America Apartment Communities (MAA) announced a 3.1% dividend increase from $1.47 to $1.515. 

Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced that its board of directors approved a quarterly dividend payment of $1.515 per share of common stock to be paid on January 31, 2025, to shareholders of record on January 15, 2025.

The increase will raise the annualized dividend payment 3.1% to $6.06 per share of common stock and represents the 15th consecutive year MAA has increased its dividend to shareholders.

MAA, a self-administered REIT and S&P 500 member, owns and operates apartment communities in the Southeast, Southwest, and Mid-Atlantic U.S. regions. Focused on strong investment performance, MAA's segments include Same Store, representing stabilized properties, and Non-Same Store and Other, covering new acquisitions, developments, and non-multifamily activities. They have properties across 16 states and the District of Columbia.