AvalonBay Communities (AVB) will raise its quarterly dividend by 3.4 percent to $1.52 per share in the first quarter of 2019. The residential REIT has now increased its dividend 8 consecutive years.
The next dividend is payable on April 15, 2019 to common stockholders of record as of March 29, 2019. A new annualized dividend rate of $6.08 yields 3.1% at a stock price of $194.50.
AvalonBay Communities, Inc. is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas primarily in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and the Northern and Southern California regions of the United States.
2020