AvalonBay Communities Announces Third Quarter Dividend Details
AvalonBay Communities, Inc. Declares Third Quarter 2024 Dividends
AvalonBay Communities, Inc. (NYSE: AVB), known for its significant impact in the housing sector, has declared a cash dividend on its Common Stock for the third quarter of 2024. This decision was made by the Company’s Board of Directors and reflects the ongoing commitment to delivering value to its shareholders. The announced dividend amounts to $1.70 per share, showcasing AvalonBay’s robust financial health.
Dividend Payment Information
The upcoming dividend is scheduled for payment on October 15, 2024. Shareholders who are on record as of September 30, 2024, will be eligible to receive this payment. This initiative not only reinforces the company's dedication to its shareholders but also illustrates AvalonBay's strong performance in the real estate investment trust (REIT) market.
About AvalonBay Communities, Inc.
AvalonBay Communities, Inc. is a prominent player in the equity REIT sector. The Company specializes in the development, redevelopment, acquisition, and management of apartment communities across various leading metropolitan areas. Its extensive portfolio spans New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and both Northern and Southern California. Moreover, AvalonBay is expanding into dynamic regions such as Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado.
Current Operations and Community Impact
As of June 30, 2024, AvalonBay boasts ownership or a direct or indirect interest in 300 apartment communities, encapsulating a total of 91,399 apartment homes across 12 states and the District of Columbia. Among these, 17 communities are actively under development, highlighting AvalonBay’s commitment to growth and enhancement of housing availability in prime locations.
Strategic Growth Initiatives
The Company's strategic vision places a strong emphasis on community development that aligns with the needs of modern renters. By focusing on high-demand areas and integrating sustainable practices within its properties, AvalonBay is not only expanding its footprint but also enhancing living experiences for its residents.
Financial Strength and Stability
AvalonBay’s sound financial strategy has facilitated sustained growth and operational excellence, which in turn helps in maintaining dividends. As a member of the S&P 500, the Company has garnered a reputation for reliability in the dividends it pays, assuring investors of its stability in the market.
Frequently Asked Questions
What is the dividend amount declared by AvalonBay for Q3 2024?
The declared dividend is $1.70 per share for the third quarter of 2024.
When will the dividend be paid to shareholders?
The dividend will be payable on October 15, 2024.
Who is eligible to receive the dividend?
Shareholders of record as of September 30, 2024, will be eligible to receive the dividend payment.
How many apartment communities does AvalonBay manage?
AvalonBay manages 300 apartment communities containing 91,399 apartment homes.
In what regions does AvalonBay operate?
AvalonBay operates in various metropolitan areas including New England, California, and the Dallas and Austin, Texas regions, among others.
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