Mid-America Apartment (MAA) Raises Quarterly Dividend 4.1% to $0.96; 3.8% Yield

December 4, 2018 4:33 PM EST

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Mid-America Apartment (NYSE: MAA) declared a quarterly dividend of $0.96 per share, or $3.84 annualized. This is a 4.1% increase from the prior dividend of $0.9225.

The dividend will be payable on January 31, 2019, to stockholders of record on January 15, 2019, with an ex-dividend date of January 14, 2019.

The annual yield on the dividend is 3.8 percent.

Eric Bolton, Chairman and CEO, said "Our strategy has consistently focused on a goal to provide shareholders with a steady and growing cash dividend which we believe is a key aspect of creating superior long-term value for REIT shareholders. We appreciate the trust and confidence that our shareholders have placed with MAA."

For a dividend history and other dividend-related data on Mid-America Apartment (MAA) click here.

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