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Mid-America Apartment Communities (BSP:M1AA34) 3-Year Dividend Growth Rate : 11.90% (As of Mar. 2024)


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What is Mid-America Apartment Communities 3-Year Dividend Growth Rate?

Mid-America Apartment Communities's Dividends per Share for the three months ended in Mar. 2024 was R$1.28.

The historical rank and industry rank for Mid-America Apartment Communities's 3-Year Dividend Growth Rate or its related term are showing as below:

BSP:M1AA34' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0.1   Med: 3.4   Max: 20.9
Current: 11.9

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Mid-America Apartment Communities was 20.90% per year. The lowest was 0.10% per year. And the median was 3.40% per year.

BSP:M1AA34's 3-Year Dividend Growth Rate is ranked better than
76.6% of 500 companies
in the REITs industry
Industry Median: 2.4 vs BSP:M1AA34: 11.90

During the past 12 months, Mid-America Apartment Communities's average Dividends Per Share Growth Rate was 13.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 11.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 6.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Mid-America Apartment Communities's Dividend Payout Ratio for the three months ended in Mar. 2024 was 0.84. As of today, Mid-America Apartment Communities's Dividend Yield % is 3.12%.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Mid-America Apartment Communities Inc is 1.19, which seems too high.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Mid-America Apartment Communities's 3-Year Dividend Growth Rate

For the REIT - Residential subindustry, Mid-America Apartment Communities's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mid-America Apartment Communities's 3-Year Dividend Growth Rate Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Mid-America Apartment Communities's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Mid-America Apartment Communities's 3-Year Dividend Growth Rate falls into.



Mid-America Apartment Communities 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Mid-America Apartment Communities  (BSP:M1AA34) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Mid-America Apartment Communities's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2024 )/ EPS without NRI (Q: Mar. 2024 )
=1.276/ 1.519
=0.84

During the past 13 years, the highest Dividend Payout Ratio of Mid-America Apartment Communities was 1.87. The lowest was 1.01. And the median was 1.65.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Mid-America Apartment Communities Inc is 1.19, which seems too high.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Mid-America Apartment Communities Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
BRL 1.3165552024-04-122024-04-112024-05-07Cash DividendquarterlyBRL:BRL 1.000000
BRL 1.2694002024-01-112024-01-102024-02-06Cash DividendquarterlyBRL:BRL 1.000000
BRL 1.2296062023-10-112023-10-102023-11-07Cash DividendquarterlyBRL:BRL 1.000000
BRL 1.6711452023-07-132023-07-122023-08-04Cash DividendquarterlyBRL:BRL 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Mid-America Apartment Communities's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=5.486706/177.30
=3.09 %

Current Share Price is R$177.30.
Mid-America Apartment Communities's Dividends per Share for the trailing twelve months (TTM) ended in Today is R$5.486706.

During the past 13 years, the highest Dividend Yield of Mid-America Apartment Communities was 4.64%. The lowest was 1.79%. And the median was 3.40%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Mid-America Apartment Communities 3-Year Dividend Growth Rate Related Terms>


Mid-America Apartment Communities (BSP:M1AA34) Business Description

Traded in Other Exchanges
Address
6815 Poplar Avenue, Suite 500, Germantown, TN, USA, 38138
Mid-America Apartment Communities Inc, or MAA, is a real estate investment trust engaged in the acquisition, operation, and development of multifamily apartment communities located in southeastern and southwestern United States. Company operates two reportable segments; Same Store includes communities that the Company has owned and have been stabilized for at least a full 12 months as of the first day of the calendar year and Non-Same Store and Other includes recently acquired communities, communities being developed or in lease-up, communities that have been disposed of or identified for disposition, communities that have experienced a significant casualty loss and stabilized communities that do not meet the requirements to be Same Store communities. Key revenue comes from the Same Store.

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