Mid-America Apartment (MAA) Raises Quarterly Dividend 6.5% to $0.82; 3.7% Yield
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MAA Announces Record Increase in Dividend
December 8, 2015 4:15 PM ESTMEMPHIS, Tenn., Dec. 8, 2015 /PRNewswire/ -- MAA (NYSE: MAA) announced that its board of directors today approved a 6.5% increase in its dividend for fiscal year 2016. The quarterly dividend will increase from $0.77 to $0.82 per share of common stock and will be effective for quarterly dividends payable after January 1, 2016. This dividend increase will raise the annualized dividend payout to $3.28 per share of common stock, an increase of $0.20 per share from the prior dividend level. This is MAA's sixth consecutive annual increase of its dividend.
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