Mid-America Apartment Communities, Inc. (NYSE:MAA) has made it onto the prestigious list of the Best High Yield Stocks to Buy in October.
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Mid-America Apartment Communities, Inc. (NYSE:MAA) stands as one of the country’s leading apartment operators, generating reliable rental revenue that underpins its attractive dividend yield. The equity REIT features robust capitalization and considerable flexibility, positioning it for growth through both new developments and strategic acquisitions.
Since going public in 1994, Mid-America Apartment Communities has established a remarkable record of never having cut or suspended its dividend payouts. As it moves towards September 2025, the company is poised to celebrate a remarkable 15 consecutive years of increasing distributions. The ongoing strong demand for apartments showcases MAA’s potential to continue enhancing its dividends. Currently, MAA is involved in nearly $1 billion worth of apartment projects under construction, setting the stage for its future expansion.
As of September 23, MAA has declared a consistent quarterly dividend of $1.515 per share, which keeps the stock’s yield at a competitive 4.34% as of September 27. The stock is slated to go ex-dividend on October 15, thus becoming one of the prime candidates for investors seeking to implement a dividend capture strategy.
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