Mid America Apartment Communities's most recent quarterly dividend was on Jan 12, 2023 (ex-date) with a cash dividend payment of $1.4 per share. On an annualized basis, the company has a current payout of $4.99 per share. This brings the dividend yield to 3.02% based on its recent close price. The latest dividend has an increase of $0.15, or 12% from the prior payment.
MAA has a dividend yield of 3.02% which is lower than the Real Estate sector and the industry average. In comparison with the Real Estate sector average of 5.8%, Mid America Apartment Communities's dividend yield is 48% lower. Historically MAA's dividend yield has averaged at 3.1% in the last 5 years, which is in line with the current one.
Mid America Apartment Communities has been paying dividends since 1994. MAA has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 20% for the last twelve months. And since the stock price has gone down by 19% from a year ago, the dividend yield has an increase of 49%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Jan 12, 2023 | Jan 31, 2023 | Dec 13, 2022 | $1.4 | normal |
| Oct 13, 2022 | Oct 31, 2022 | Sep 27, 2022 | $1.25 | normal |
| Jul 14, 2022 | Jul 25, 2022 | May 17, 2022 | $1.25 | normal |
| Apr 13, 2022 | Apr 29, 2022 | Mar 22, 2022 | $1.088 | normal |
| Jan 13, 2022 | Jan 31, 2022 | Dec 7, 2021 | $1.088 | normal |
| Oct 14, 2021 | Oct 29, 2021 | Sep 28, 2021 | $1.025 | normal |
| Jul 14, 2021 | Jul 30, 2021 | May 18, 2021 | $1.025 | normal |
| Apr 14, 2021 | Apr 30, 2021 | Mar 23, 2021 | $1.025 | normal |
| Jan 14, 2021 | Jan 29, 2021 | Dec 8, 2020 | $1.025 | normal |
| Oct 14, 2020 | Oct 30, 2020 | Sep 24, 2020 | $1 | normal |
| Jul 14, 2020 | Jul 31, 2020 | May 19, 2020 | $1 | normal |
| Apr 14, 2020 | Apr 30, 2020 | Mar 19, 2020 | $1 | normal |
| Jan 14, 2020 | Jan 31, 2020 | Dec 10, 2019 | $1 | normal |
| Oct 11, 2019 | Oct 31, 2019 | Sep 26, 2019 | $0.96 | normal |
| Jul 12, 2019 | Jul 31, 2019 | May 21, 2019 | $0.96 | normal |
| Apr 12, 2019 | Apr 30, 2019 | Mar 21, 2019 | $0.96 | normal |
| Jan 14, 2019 | Jan 31, 2019 | Dec 4, 2018 | $0.96 | normal |
| Oct 12, 2018 | Oct 31, 2018 | Sep 25, 2018 | $0.923 | normal |
| Jul 12, 2018 | Jul 31, 2018 | May 22, 2018 | $0.923 | normal |
| Apr 12, 2018 | Apr 30, 2018 | Mar 13, 2018 | $0.923 | normal |
| Jan 11, 2018 | Jan 31, 2018 | Dec 5, 2017 | $0.923 | normal |
| Oct 12, 2017 | Oct 31, 2017 | Sep 26, 2017 | $0.87 | normal |
| Jul 12, 2017 | Jul 31, 2017 | May 23, 2017 | $0.87 | normal |
| Apr 11, 2017 | Apr 28, 2017 | Mar 23, 2017 | $0.87 | normal |
| Jan 11, 2017 | Jan 31, 2017 | Dec 8, 2016 | $0.87 | normal |
| Oct 12, 2016 | Oct 31, 2016 | Sep 27, 2016 | $0.82 | normal |
| Jul 13, 2016 | Jul 29, 2016 | May 17, 2016 | $0.82 | normal |
| Apr 13, 2016 | Apr 29, 2016 | Mar 22, 2016 | $0.82 | normal |
| Jan 13, 2016 | Jan 29, 2016 | Dec 8, 2015 | $0.82 | normal |
| Oct 13, 2015 | Oct 30, 2015 | Sep 24, 2015 | $0.77 | normal |
MAA has a payout ratio of 91.9% which is lower than the Real Estate sector and the industry average. In comparison with the Real Estate sector average of 102.5%, Mid America Apartment Communities's payout ratio is 10% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| BXP Boston Properties Inc | 5.32% | $3.92 | 67.5% |
| DLR Digital Realty Trust Inc | 4.38% | $4.88 | 98.8% |
| MAA Mid America Apartment Communities Inc | 3.02% | $4.99 | 91.9% |
Yes, Mid America Apartment Communities has paid four dividends in the last twelve months. MAA has been paying dividends since 1994.
MAA hasn't announced its next dividend date yet, but if we take into consideration its recent dividend schedule, it is likely that its next dividend will be in April 2023.
Mid America Apartment Communities's last regular dividend was on Jan 12, 2023 (ex-date) with the amount of $1.4 per share.
On an annual basis MAA pays $4.99 per share.
Currently Mid America Apartment Communities's dividend yield is 3.02%.
Mid America Apartment Communities pays dividends quarterly.
The dividend payout ratio of Mid America Apartment Communities is 91.9%.
Mid America Apartment Communities's dividend yield is lower than the Real Estate sector average.