Mid-America Apartment Communities, Inc. (NYSE:MAA – Get Free Report) announced a quarterly dividend on Tuesday, September 24th, Wall Street Journal reports. Investors of record on Tuesday, October 15th will be given a dividend of 1.47 per share by the real estate investment trust on Thursday, October 31st. This represents a $5.88 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Tuesday, October 15th.
Mid-America Apartment Communities has a payout ratio of 140.3% indicating that 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 $9.05 per share next year, which means the company should continue to be able to cover its $5.88 annual dividend with an expected future payout ratio of 65.0%.
Mid-America Apartment Communities Stock Down 0.8 %
NYSE MAA opened at $161.62 on Thursday. Mid-America Apartment Communities has a 52 week low of $115.56 and a 52 week high of $167.39. The firm has a market capitalization of $18.89 billion, a price-to-earnings ratio of 33.88, a PEG ratio of 2.63 and a beta of 0.88. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.76. The company has a fifty day moving average of $155.08 and a two-hundred day moving average of $141.58.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on MAA
Mid-America Apartment Communities Company Profile
MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.
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