Mid-America Apartment Communities, Inc. to Issue Quarterly Dividend of $1.53 (NYSE:MAA)

Mid-America Apartment Communities, Inc. (NYSE:MAA) announced a quarterly dividend on Tuesday, September 22nd. Investors of record on Thursday, October 15th will be paid a dividend of 1.53 per share by the real estate investment trust on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Thursday, October 15th.

Mid-America Apartment Communities has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 16 years. Mid-America Apartment Communities has a dividend payout ratio of 157.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Mid-America Apartment Communities to earn $8.59 per share next year, which means the company should continue to be able to cover its $6.12 annual dividend with an expected future payout ratio of 71.2%.

Mid-America Apartment Communities Stock Up 0.2%

NYSE MAA traded up $0.20 during mid-day trading on Wednesday, reaching $119.35. The stock had a trading volume of 39,412 shares, compared to its average volume of 992,396. Mid-America Apartment Communities has a 1 year low of $117.98 and a 1 year high of $144.41. The stock has a market cap of $13.85 billion, a PE ratio of 34.87 and a beta of 0.73. The company has a fifty day moving average price of $130.19 and a 200 day moving average price of $130.34. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.09 and a quick ratio of 0.09.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 EPS for the quarter, beating the consensus estimate of $0.76 by $1.32. Mid-America Apartment Communities had a return on equity of 6.99% and a net margin of 18.17%.The business had revenue of $555.13 million for the quarter, compared to the consensus estimate of $556.18 million. During the same period last year, the business posted $2.15 EPS. The company’s revenue was up 1.0% compared to the same quarter last year. Mid-America Apartment Communities has set its FY 2026 guidance at 8.410-8.650 EPS and its Q3 2026 guidance at 2.040-2.160 EPS. On average, research analysts expect that Mid-America Apartment Communities will post 8.51 earnings per share for the current year.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc (NYSE: MAA) is a self-administered and self-managed real estate investment trust that owns, operates, acquires and develops multifamily apartment communities. The company focuses primarily on conventional apartment properties and generates revenue through leasing residential units to individuals and families.

MAA’s portfolio is concentrated in the Sun Belt region of the United States, including markets across the Southeast, Southwest and parts of the South Central United States.