Armada Hoffler Declares Quarterly Dividend for Shareholders

Author: Kelly Martin Updated: 09-10-2024 04:22 PM

Armada Hoffler Declares Quarterly Dividend

Armada Hoffler recently announced that its Board of Directors has declared a cash dividend of $0.205 per common share. This dividend for the third quarter will be paid in cash, marking a positive financial stride for the company. The payment date is set for October 3, with stockholders of record being those on September 25.

Details on Preferred Stock Dividend

In addition to the common share dividend, the Board also approved a cash dividend of $0.421875 per share on its 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock. This payment is scheduled for October 15, with the record date for stockholders being October 1.

About Armada Hoffler

Armada Hoffler is a well-established real estate investment trust (REIT) that has been operational for over four decades. With a focus on developing, building, acquiring, and managing high-quality office, retail, and multifamily properties, the company primarily operates in the Mid-Atlantic and Southeastern regions. Their expansive experience and vertical integration reflect a robust approach to real estate management.

The Company's Legacy

Founded in 1979 by Daniel A. Hoffler, the company has built a reputation for excellence in the real estate sector. In addition to its internal development operations, Armada Hoffler provides development and general contracting services to external clients, ensuring a comprehensive offering within the market. Their strategy combines robust development initiatives with responsive client services, contributing significantly to their continued success.

Commitment to Shareholders

The recent dividend declaration is a testament to Armada Hoffler's commitment to delivering value to its shareholders. By maintaining a steady dividend distribution, the company not only reflects its profitability but also its dedication to providing reliable returns to investors. This approach instills confidence in stockholders about the company's ongoing performance and strategic direction.

Continued Growth and Opportunities

Looking ahead, Armada Hoffler is poised to explore new development opportunities that align with market demands. With a strong foundation and a proactive management team, the company aims to enhance its portfolio further while bolstering shareholder interests. Their strategic initiatives signal an optimistic outlook toward growth and expansion in the competitive real estate landscape.

Frequently Asked Questions

What is the amount of the recently declared dividend?

The quarterly dividend declared is $0.205 per common share.

When will the dividend be paid?

The dividend will be paid on October 3, to stockholders of record on September 25.

What additional dividend was announced?

A cash dividend of $0.421875 was declared for its 6.75% Series A Cumulative Redeemable Preferred Stock.

Who founded Armada Hoffler?

Armada Hoffler was founded in 1979 by Daniel A. Hoffler.

What regions does Armada Hoffler primarily operate in?

The company mainly operates in the Mid-Atlantic and Southeastern regions of the United States.

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Armada Hoffler Declares Quarterly Dividend for Shareholders