Armada Hoffler Declares Cash Dividends for Q4 2024 and 2025
Armada Hoffler Declares Significant Cash Dividends
In a recent announcement, Armada Hoffler (NYSE: AHH) has declared a cash dividend of $0.205 per common share for the fourth quarter. This dividend decision highlights the company’s ongoing commitment to rewarding its shareholders. The payment will be made in cash on the second of January to all stockholders of record as of December 26. This news has been well received by investors looking for reliable income from their investments.
Preferred Stock Dividend Announcement
Additionally, Armada Hoffler's Board of Directors has declared a cash dividend on its 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock. This will consist of a payment of $0.421875 per share, slated for distribution on January 15 to stockholders of record by the end of December. Investors in preferred shares can feel reassured by these consistent payouts.
Understanding Armada Hoffler's Business Model
Founded in 1979 by Daniel A. Hoffler, Armada Hoffler has built a solid reputation as a vertically integrated and self-managed real estate investment trust (REIT). Over its four decades of operation, the company has focused on developing, building, acquiring, and managing high-quality office, retail, and multifamily properties, primarily in the Mid-Atlantic and Southeastern regions of the United States. This expertise allows the company to deliver exceptional value to its investors and maintain a strong market position.
Investment Diversification Through Development
Besides developing properties for itself, Armada Hoffler also provides development and general contracting services to third-party clients. This diversification strategy helps stabilize revenue streams and showcase the company’s capabilities in the real estate sector.
Armada Hoffler's Growth and Expansion
Over the years, Armada Hoffler has strategically located its projects in growing markets that show potential for high returns. Their properties are not only designed for functional use but also reflect a commitment to quality and sustainability, setting them apart in a competitive industry.
Investor Confidence and Future Prospects
Armada Hoffler’s commitment to regular cash dividends strengthens investor confidence as it showcases the company's strong financial health and operational effectiveness. As the company continues to expand its portfolio and optimize its operations, shareholders can expect steady growth and regular dividend distributions.
Community Engagement Through Investments
Armada Hoffler actively engages with the communities surrounding its properties, investing in local infrastructure and partnering with community organizations to foster economic development. This not only enhances their operational footprint but also promotes a positive company image and corporate responsibility.
Contact Information for Stakeholders
For inquiries, stakeholders can reach out to Chelsea Forrest, the Vice President of Corporate Communications and Investor Relations at Armada Hoffler. Interested parties can connect through the company’s email or directly via phone. Armada Hoffler encourages open communication with its investors, ensuring transparency and trust.
Frequently Asked Questions
What is the value of the cash dividend per common share announced by Armada Hoffler?
The Board of Directors declared a cash dividend of $0.205 per common share.
When will the cash dividend on common shares be paid?
The dividend will be paid in cash on January 2.
What is the cash dividend for preferred stock shareholders?
Preferred shareholders will receive a cash dividend of $0.421875 per share.
Who founded Armada Hoffler and when?
Armada Hoffler was founded in 1979 by Daniel A. Hoffler.
How does Armada Hoffler engage with the communities in which it operates?
Armada Hoffler engages by investing in local infrastructure and partnering with community organizations to foster economic development.
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