AvalonBay Communities (AVB) will raise its quarterly dividend by 4.6 percent to $1.59 per share in the first quarter of 2020. The residential REIT has now increased its dividend 9 consecutive years.
The next dividend is payable on April 15, 2020 to common stockholders of record as of March31, 2020. A new annualized dividend rate of $6.36 yields 2.9% at a stock price of $219.17.
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