Mid-America Apartment Communities, Inc. (NYSE:MAA) to Issue Quarterly Dividend of $1.53

Mid-America Apartment Communities, Inc. (NYSE:MAA) announced a quarterly dividend on Tuesday, September 22nd. Stockholders of record on Thursday, October 15th will be given a dividend of 1.53 per share by the real estate investment trust on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Thursday, October 15th.

Mid-America Apartment Communities has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 16 years. Mid-America Apartment Communities has a payout ratio of 157.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Mid-America Apartment Communities to earn $8.59 per share next year, which means the company should continue to be able to cover its $6.12 annual dividend with an expected future payout ratio of 71.2%.

Mid-America Apartment Communities Price Performance

MAA stock opened at $119.00 on Wednesday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $13.81 billion, a P/E ratio of 34.84 and a beta of 0.73. The business has a 50 day simple moving average of $130.19 and a 200-day simple moving average of $130.34. Mid-America Apartment Communities has a twelve month low of $117.98 and a twelve month high of $144.41.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $1.32. Mid-America Apartment Communities had a net margin of 18.17% and a return on equity of 6.99%. The business had revenue of $555.13 million for the quarter, compared to analysts’ expectations of $556.18 million. During the same period in the previous year, the company posted $2.15 EPS. The company’s quarterly revenue was up 1.0% on a year-over-year basis. Mid-America Apartment Communities has set its FY 2026 guidance at 8.410-8.650 EPS and its Q3 2026 guidance at 2.040-2.160 EPS. As a group, equities analysts anticipate that Mid-America Apartment Communities will post 8.51 EPS for the current year.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc (NYSE: MAA) is a self-administered and self-managed real estate investment trust that owns, operates, acquires and develops multifamily apartment communities. The company focuses primarily on conventional apartment properties and generates revenue through leasing residential units to individuals and families.

MAA’s portfolio is concentrated in the Sun Belt region of the United States, including markets across the Southeast, Southwest and parts of the South Central United States.