Apartment Investment and Management Company Declares Special Dividend of $1.30 (NYSE:AIV)

Apartment Investment and Management Company (NYSE:AIV) announced a special dividend on Thursday, April 30th. Stockholders of record on Friday, May 15th will be given a dividend of 1.30 per share by the real estate investment trust on Wednesday, June 3rd. The ex-dividend date is Friday, May 15th.

Apartment Investment and Management has decreased its dividend by an average of 0.4%annually over the last three years.

Apartment Investment and Management Stock Performance

Shares of NYSE:AIV traded up $0.02 during midday trading on Friday, hitting $4.27. The company had a trading volume of 610,953 shares, compared to its average volume of 2,721,298. Apartment Investment and Management has a 12-month low of $3.93 and a 12-month high of $8.87. The company has a debt-to-equity ratio of 1.87, a current ratio of 3.46 and a quick ratio of 3.46. The company has a market cap of $614.71 million, a price-to-earnings ratio of 1.10 and a beta of 1.29. The company has a fifty day moving average of $4.32 and a two-hundred day moving average of $5.29.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings results on Monday, March 2nd. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $2.19. Apartment Investment and Management had a return on equity of 9.05% and a net margin of 316.79%.The business had revenue of $34.64 million during the quarter, compared to analyst estimates of $56.65 million.

About Apartment Investment and Management

Apartment Investment and Management Company (NYSE:AIV), commonly known as Aimco, is a real estate investment trust focused on the ownership and operation of multifamily residential communities in the United States. The company acquires, develops and manages apartment properties that offer a range of living environments—from urban high-rise buildings to garden-style communities. Aimco’s core business includes leasing apartments, providing on-site services and amenities, and overseeing property maintenance to drive occupancy and resident satisfaction.

Founded in 1994 as part of GMAC Residential, Aimco became a publicly traded REIT with headquarters in Denver, Colorado.