a quarterly dividend payment of $1.025 per share of common stock to be paid on January 29, 2021 to shareholders of record on January 15, 2021, representing a 2.5% increase over the prior rate.
The increase will raise the annualized dividend payout to $4.10 per share of common stock, an increase of $0.10 per share from the prior dividend level. This is MAA's eleventh consecutive annual increase of its common dividend.
As established in prior quarters, the board of directors declared the quarterly common dividend in advance of MAA's earnings announcement that is expected to be made on January 27, 2021.
2022