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Data last updated: Jul 18, 2026
Snapshot (as of Jul 18, 2026): AvalonBay Communities, Inc. (AVB) pays a $7.06 annual dividend ($1.78 quarterly), yielding 3.67% at $192.53/share. Next ex-dividend date 2026-06-30. 16 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.67%
Annual Dividend: $7.06 per share
Payout Ratio: 87.4%
Ex-Dividend Date: 2026-06-30
Dividend Frequency: quarterly
Sector: Real Estate
Years of Dividend History: 33
AvalonBay Communities, Inc. dividend income comes from one of the largest apartment REITs in the U.S., owning or holding stakes in 291 communities totaling 86,025 residential units across 11 states and Washington D.C. AVB currently yields 3.64%, with a trailing annual dividend rate of $7.06 per share paid quarterly. The next ex-dividend date is June 30, 2026. A beta of 0.78 makes this a lower-volatility real estate holding, which suits income-focused investors who prioritize steadier price behavior over aggressive growth.
AvalonBay Communities, Inc. pays out 87.4% of earnings as dividends, a payout ratio classified as high (above 75%). That level is common among equity REITs, which are required to distribute the majority of taxable income, and AVB's portfolio of apartment communities across high-demand metro areas like New England, the New York/New Jersey region, and both California coasts provides the rental revenue base that supports it. AvalonBay Communities, Inc. dividend safety hinges on occupancy and rent levels across those markets: any sustained softness in demand or rent growth would put direct pressure on a payout ratio already sitting near the upper end of typical REIT ranges.
AvalonBay Communities, Inc. dividend history shows a CAGR of 4.9% per year from 2011 to 2025. The per-share annual dividend grew from $3.57 to $7.00 over that period (2026 data is a partial year and excluded from the growth calculation). Growth was not linear: the dividend held flat at $6.36 for three consecutive years from 2020 through 2022 before resuming increases, and the largest single-year jump in the window was 10.3% in 2013. For income investors, 4.9% annual growth is meaningful over time but slow enough that yield-on-cost gains accumulate gradually rather than quickly.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +3.2% | $6.36 (2022) | $7.00 (2025) |
| 5-Year | +1.9% | $6.36 (2020) | $7.00 (2025) |
| 10-Year | +3.4% | $5.00 (2015) | $7.00 (2025) |
AVB fits income-focused investors who want apartment-sector real estate exposure with a moderate yield and a 16-year streak of consecutive dividend increases. The current yield of 3.64% sits above the 5-year average of 3.42%, meaning today's entry point offers slightly more income than the historical norm. The yield classification is moderate (2–4%), so this is not a high-income play. What an investor gets is a geographically diversified apartment REIT with a long payout history; what they accept is a high payout ratio of 87.4% and dividend growth that, at 4.9% annually, is real but not fast.
| Payment Date | Amount per Share |
|---|---|
| 2026-06-30 | $1.7800 |
| 2026-03-31 | $1.7800 |
| 2025-12-31 | $1.7500 |
| 2025-09-30 | $1.7500 |
| 2025-06-30 | $1.7500 |
| 2025-03-31 | $1.7500 |
| 2024-12-31 | $1.7000 |
| 2024-09-30 | $1.7000 |
| 2024-06-28 | $1.7000 |
| 2024-03-27 | $1.7000 |
| Year | Total Dividends |
|---|---|
| 2026 | $3.5600 |
| 2025 | $7.0000 |
| 2024 | $6.8000 |
| 2023 | $6.6000 |
| 2022 | $6.3600 |
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