Mid-America Apartment Communities, Inc. (NYSE:MAA) will begin trading ex-dividend on July 14, 2020. The quarterly dividend payment of $ 1.00 per share is scheduled to be paid on July 31, 2020. Shareholders who purchased MAA prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Recent Earnings Announcement
Mid-America Apartment Communities, Inc. outlined income for the first quarter of $ 1.49 per share, from the revenue of $ 418.10 million. The quarterly earnings up 170.91 percent while revenues up 4.29 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.59 per share from $ 417.67 million in revenue. The bottom line results beat street analysts by $ 0.9 or 152.54 percent, at the same time, top line results topped analysts by $ 0.43 million or 0.10 percent.
Stock Performance
According to the previous trading day, closing price of MAA was $ 112.34, representing a 37.00 % increase from the 52 week low of $ 82.00 and a 24.54 % decrease over the 52 week high of $ 148.88.
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The company has a market capital of $ 12.85 billion and is part of the Real Estate sector and REIT – Residential industry.
MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States. As of June 30, 2019, MAA had ownership interest in 101,954 apartment units, including communities currently in development, across 17 states and the District of Columbia.
