Armada Hoffler Properties (AHH) will suspend its quarterly dividend in the second quarter of 2020. This february the REIT had announced a 4.8 percent dividend hike to $0.22 per share, marking the 7th consecutive year of dividend increases by the real estate investment trust.
Because of COVID-19 many real estate investment trusts have suspended or cancelled their dividend recently.
Armada Hoffler Properties, Inc. is a full service real estate company engaged in developing, building, owning and managing institutional-grade office, retail and multifamily properties in markets across the Mid-Atlantic United States, including Virginia, Maryland, North Carolina and South Carolina. The company was founded in 1979 by Daniel A. Hoffler and has paid a dividend every year since 2015.