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Mid-America Apartment Communities, Inc. (MAA) logo

Mid-America Apartment Communities, Inc.

S&P 500

MAA/Real Estate · REIT - Residential/NYSE

Dividend Yield

4.61%

$6.09 · Annual Dividend

Stock Price$138.08P/E40.0MCap15.8BLast update: Jun 26, 2026 at 06:56

Dividend Safety Rating

64/ 100Safe

MAA's dividend appears safe and well-supported. Strengths include a 66.9% ffo payout ratio & 99.8 debt-to-equity. Areas of concern: 104.3% fcf payout ratio & 0.1x current ratio. The dividend has been growing at a 8.66% 5-year CAGR. As a REIT, its payout is measured against FFO (funds from operations) rather than net income, since large non-cash depreciation makes the earnings payout ratio misleading.

Based on 15 of 15 metrics

Strengths

  • FFO Payout Ratio: 66.9%Dividends are well covered by funds from operations (FFO).
  • Debt-to-Equity: 99.8Conservative debt level relative to equity.
  • Operating Margin: 26.6%Healthy operating margin provides a wide buffer.

Risks

  • FCF Payout Ratio: 104.3%Free cash flow is tight relative to the dividend.
  • Current Ratio: 0.1xLimited short-term liquidity to meet obligations.
  • Return on Equity: 6.7%Return on equity is below industry norms.

Payout & Coverage

Caution
66.9%Very Safe
104.3%Danger
64.6%Caution

Balance Sheet

Caution
0.1xDanger
99.8Very Safe

Profitability

Caution
6.7%Warning
26.6%Very Safe
29.6%Caution

Dividend Track Record

Very Safe
11+ yrsVery Safe
NoneVery Safe
GrowingVery Safe

About Mid-America Apartment Communities, Inc.

Mid-America Apartment Communities is a real estate investment trust (REIT) that owns, operates, acquires, and develops apartment communities across the Southeast, Southwest, and Mid-Atlantic regions of the United States. As an S&P 500 company, it manages a portfolio of quality multifamily residential properties designed to generate sustainable cash flow for shareholders. The company operates through its Same Store and Non-Same Store segments, with the majority of revenue derived from its established property portfolio. Mid-America Apartment Communities focuses on full-cycle investment performance by strategically acquiring and redeveloping apartment communities while maintaining stable operations across its existing properties. The company distributes regular dividends to shareholders and maintains a self-administered and self-managed structure, overseeing operations across 16 states and the District of Columbia. Its business model centers on delivering consistent returns through property management excellence and strategic capital deployment in growing residential markets throughout the United States.

Dividend Overview

Dividend Yield

4.61%

Annual Dividend

$6.09

Frequency

Quarterly

Payout Ratio

184.09%

FCF Payout Ratio

104.27%

52-Week Range

$120.30 - $153.93

Dividend History (2016–2025)

MAA annual dividend per share and yield history

Earnings & Profitability

MAA earnings per share and net profit margin

Key Dates

Next Ex-Dividend Date

July 15, 2026

Next Payment Date

July 31, 2026

Dividend Growth

3-Year Dividend CAGR

9.03%

5-Year Dividend CAGR

8.66%

10-Year Dividend CAGR

7.00%

3-Year Total Growth

29.63%

5-Year Total Growth

51.50%

10-Year Total Growth

96.75%

Income Calculator

MAA Dividend Calculator

Total Investment

$13,808.00

Annual Income

$609.00

Quarterly Income

$152.25

Monthly Income

$50.75

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Frequently Asked Questions

What is MAA's current dividend yield?
Mid-America Apartment Communities, Inc. (MAA) currently has a dividend yield of 4.61%, based on a stock price of $138.08 and an annual dividend of $6.09.
When is MAA's next dividend payment date?
MAA's next ex-dividend date is 2026-07-15 and the next payment date is 2026-07-31. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does MAA pay in dividends per year?
Mid-America Apartment Communities, Inc. paid $6.06 per share in annual dividends in 2025. The dividends are paid quarterly.
Has MAA been increasing its dividend?
Mid-America Apartment Communities, Inc. has grown its dividend at a 5-year CAGR of 8.66% and a 10-year CAGR of 7.00%.
Is MAA's dividend safe?
Mid-America Apartment Communities, Inc. has a payout ratio of 184.09%. Its free cash flow payout ratio is 104.27%. The payout ratio is above 100%, which may indicate the company is paying more in dividends than it earns. This could be unsustainable long-term.
How is MAA's Dividend Safety Rating calculated?
The Dividend Safety Rating evaluates Mid-America Apartment Communities, Inc.'s dividend sustainability across four categories: Payout & Coverage (30%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (30%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for real estate companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.