Dividend Coverage: This Residential REIT has a Dividend Yield of $3.38%; Will Trade Ex-Dividend on July 12, 2017

LONDON, UK / ACCESSWIRE / July 11, 2017 / Pro-Trader Daily takes a closer look at Mid-America Apartment Communities, Inc. (NYSE: MAA) as the Company’s stock will begin trading ex-dividend on July 12, 2017. In order to capture the dividend payout, investors must purchase the stock one day prior to the ex-dividend date that is by latest the end of trading session on July 11, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

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Dividend Declared

On May 23, 2017, Mid-America Apartment announced that its board of directors approved a quarterly dividend of $0.87 per share of common stock payable on July 31, 2017, to shareholders of record on July 14, 2017.

Mid-America Apartment’s indicated dividend represents a yield of 3.38%, which is higher compared to the average dividend yield of 3.23% for the Financial sector. The Company has increased dividend for six consecutive years.

Dividend Insights

Mid-America Apartment Communities has a dividend payout ratio of 59.1%, which indicates that the Company distributes approximately $0.59 for every $1.00 earned. The dividend payout ratio reflects how much money a Company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, Mid-America Apartment Communities is estimated to report earnings of $1.88 in the coming year, while the Company’s annualized dividend is $3.48. One of the primary reasons for the difference between earnings and the annualized dividend is that REITs are structured by law to distribute at least 90% of earnings. Moreover, since REITs generate income from owning portfolios of investment real estate, they are likely to have higher depreciation charges.

Since depreciation is a non-cash charge, it does not directly impact the ability of dividend the Companies can distribute. For this reason, Fund from Operations (FFO) is calculated by adding depreciation and amortization to earnings, subtracting any gains on sales, to get an accurate picture of cash flow, and a REIT’s ability to pay dividends. For example, for the quarter ended March 31, 2017, net income available for Mid-America Apartment Communities’ common shareholders was $41.0 million, or $0.36 per diluted common share, while its FFO was $171.7 million, or $1.46 per diluted common share and unit, and the Company expects to generate FFO per diluted share in the range of $5.74 to $5.94 per share, which should be able to sufficiently cover its dividend outflow.

About the Company

Mid-America Apartment Communities is an independent real estate investment trust. The firm invests in the real estate markets of the United States. The Company is engaged in acquisition, redevelopment, new development, property management, and disposition of multifamily apartment communities. Mid-America Apartment Communities, Inc. was founded in 1977 and is based in Memphis, Tennessee.

Recent Development for Cracker Barrel

On July 05, 2017, Mid-America Apartment Communities announced that it expects to release its Q2 2017 results on July 26, 2017, after the market closes, and the Company will hold its second quarter conference call on July 27, 2017 at 9:00 a.m. CT.

Stock Performance

On Monday, July 10, 2017, the stock closed the trading session at $100.63, dropping 1.70% from its previous closing price of $102.37. A total volume of 682.93 thousand shares has exchanged hands. Mid-America Apartment Communities’ stock price advanced 2.68% in the past six months. Furthermore, since the start of the year, shares of the Company have gained 2.77%. The stock is trading at a PE ratio of 40.76 and has a dividend yield of 3.46%. The stock currently has a market cap of $11.85 billion.

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