Cash Dividend On The Way From Mid-America Apartment Communities 8 1/2% Series A Cumulative Redeemable Preferred Shares

On 12/13/24, Mid-America Apartment Communities Inc's 8 1/2% Series A Cumulative Redeemable Preferred Shares (Symbol: MAA.PRI) will trade ex-dividend, for its quarterly dividend of $1.0625, payable on 12/31/24. As a percentage of MAA.PRI's recent share price of $59.11, this dividend works out to approximately 1.80%, so look for shares of MAA.PRI to trade 1.80% lower — all else being equal — when MAA.PRI shares open for trading on 12/13/24. On an annualized basis, the current yield is approximately 7.26%, which compares to an average yield of 7.68% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of MAA.PRI shares, versus MAA:

Below is a dividend history chart for MAA.PRI, showing historical dividends prior to the most recent $1.0625 on Mid-America Apartment Communities Inc's 8 1/2% Series A Cumulative Redeemable Preferred Shares:

In Wednesday trading, Mid-America Apartment Communities Inc's 8 1/2% Series A Cumulative Redeemable Preferred Shares (Symbol: MAA.PRI) is currently up about 0.9% on the day, while the common shares (Symbol: MAA) are down about 0.1%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

Also see:

• Top Ten Hedge Funds Holding ELAN
• Top Ten Hedge Funds Holding SGF
• Funds Holding ZME

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.