Mid-America Apartment Communities, Inc. (NYSE:MAA) Raises Dividend to $1.53 Per Share

Mid-America Apartment Communities, Inc. (NYSE:MAA) declared a quarterly dividend on Wednesday, December 17th. Stockholders of record on Thursday, January 15th will be given a dividend of 1.53 per share by the real estate investment trust on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Thursday, January 15th. This is a 1.0% increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.52.

Mid-America Apartment Communities has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 16 consecutive years. Mid-America Apartment Communities has a dividend payout ratio of 156.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Mid-America Apartment Communities to earn $9.22 per share next year, which means the company should continue to be able to cover its $6.06 annual dividend with an expected future payout ratio of 65.7%.

Mid-America Apartment Communities Stock Down 0.5%

Shares of NYSE:MAA traded down $0.71 during midday trading on Thursday, reaching $136.38. The company had a trading volume of 72,459 shares, compared to its average volume of 908,351. Mid-America Apartment Communities has a 1-year low of $125.75 and a 1-year high of $173.38. The stock has a market cap of $15.97 billion, a PE ratio of 28.87, a P/E/G ratio of 3.79 and a beta of 0.77. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.87. The business’s 50 day moving average price is $132.15 and its 200 day moving average price is $140.68.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.01). The company had revenue of $554.37 million during the quarter, compared to the consensus estimate of $557.22 million. Mid-America Apartment Communities had a net margin of 25.23% and a return on equity of 9.14%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.21 earnings per share. Mid-America Apartment Communities has set its FY 2025 guidance at 8.680-8.800 EPS and its Q4 2025 guidance at 2.170-2.290 EPS. Research analysts forecast that Mid-America Apartment Communities will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.