Armada Hoffler Properties Announces Quarterly Dividend
Armada Hoffler Properties, a noted real estate investment trust, has proactively announced that its Board of Directors has declared a regular quarterly cash dividend of $0.14 per common share. This dividend reflects the company's ongoing commitment to provide returns to its shareholders. The upcoming cash dividend is set to be paid on October 2 to all stockholders who are on record as of September 24.
Details of Preferred Stock Dividend
Additionally, the Board of Directors has also declared a cash dividend of $0.421875 per share on the 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock. This dividend will be payable on October 15, with shareholders of record on October 1 eligible to receive this distribution.
Overview of Armada Hoffler Properties
Founded in 1979 by Daniel A. Hoffler, Armada Hoffler Properties is a self-managed REIT with significant experience in the real estate sector. This company has established itself over four decades by developing, acquiring, building, and managing high-quality office, retail, and multifamily properties primarily in the Mid-Atlantic and Southeastern markets. The firm not only focuses on its development initiatives but also offers comprehensive construction and development services to third-party clients.
Commitment to Quality and Growth
Armada Hoffler Properties prides itself on a vertical integration strategy that enhances its capability to provide quality properties and services. As a self-managed REIT, the firm is focused on maximizing shareholder value and ensuring sustainable growth through efficiency and innovation.
Recent Financial Performance
The financial health of Armada Hoffler Properties is apparent through its ability to deliver consistent dividends, signaling robust performance despite market fluctuations. The selected amount for the cash dividend reflects management's confidence in future earnings and liquidity.
Contact Information
For inquiries or additional information, please reach out to: Chelsea Forrest, Vice President of Corporate Communications and Investor Relations, at Armada Hoffler. You can contact her via email at CForrest@ArmadaHoffler.com or by phone at (757) 366-4000.
Frequently Asked Questions
What is the quarterly dividend declared by Armada Hoffler Properties?
The quarterly dividend declared is $0.14 per common share.
When will the dividend payout occur?
The dividend payout for common shares is scheduled for October 2.
What is the amount of the dividend for the preferred stock?
The cash dividend on the 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock is $0.421875 per share.
What is the significance of these dividends?
These dividends demonstrate Armada Hoffler's commitment to returning value to shareholders while signaling confidence in financial health and growth prospects.
How can shareholders get more information?
Shareholders can contact Chelsea Forrest via email or phone for more information regarding dividends and company prospects.
