by Zacks Investment Research
, An apartment-only real estate investment trust (REIT), has recently increased its quarterly dividend payout by 5.2% to $0.66 per share or $2.64 on an annualized basis. The dividend is payable on January 31, 2012 to shareholders of record on January 13, 2012.
MAA is among a select group of companies who have maintained an uninterrupted dividend payout even during recession, when most companies have suspended the same. The company has historically paid cash dividends for 72 consecutive quarters and the present dividend hike signifies its continued strong operating performance, despite a challenging macroeconomic environment.
Investors looking for high dividend yields are increasingly favoring REITs like MAA. Solid dividend payouts are arguably the biggest enticement for REIT investors as the U.S. law requires REITs to distribute 90% of their annual taxable income in the form of dividends to shareholders.
Since its inception in 1994, MAA has evolved as a publicly owned company from a portfolio of 6,000 apartments in the Mid-South area to a portfolio of 48,927 high-quality apartment homes spread across the Sunbelt region of the U.S.
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