MEMPHIS, Tenn., Dec. 2, 2016 /PRNewswire/ -- MAA (NYSE: MAA) today announced a full quarterly dividend of $1.0625 per outstanding share of its 8.50% Series I Cumulative Redeemable Preferred Stock. The dividend is payable on January 3, 2017 to shareholders of record on December 15, 2016.
MAA expects to announce the declaration of quarterly dividends on its common stock following a meeting of its Board of Directors next week.
MAA is a self-administered real estate investment trust (REIT) and member of the S&P 500 index. MAA currently owns or has ownership interest in apartment communities throughout the Southeast and Southwest regions of the U.S. focused on delivering full-cycle and strong investment performance. For further details, please refer to www.maac.com or contact Investor Relations at email@example.com.
Certain matters in this press release may constitute forward-looking statements within the meaning of Section 27-A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. Such statements include statements made about the payment of preferred dividends and the declaration of common dividends. The ability to meet the payment of preferred or common dividends in or contemplated by the forward-looking statements could differ materially from the projection due to a number of factors, including a downturn in general economic conditions or the capital markets, changes in interest rates and other items that are difficult to control such as increases in real estate taxes in many of our markets, as well as the other general risks inherent in the apartment and real estate businesses. Reference is hereby made to the filings of Mid-America Apartment Communities, Inc. with the Securities and Exchange Commission, including quarterly reports on Form 10-Q, reports on Form 8-K, and its annual report on Form 10-K, particularly including the risk factors contained in the latter filing.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/maa-announces-regular-quarterly-preferred-dividend-300372366.html