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Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): Mid-America Apartment Communities, Inc. (MAA) pays a $6.09 annual dividend ($1.53 quarterly), yielding 5.25% at $116.63/share. Next ex-dividend date 2026-10-15. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 5.25%
Annual Dividend: $6.09 per share
Payout Ratio: 178.1% (based on depressed trailing earnings — see safety analysis below)
Ex-Dividend Date: 2026-10-15
Dividend Frequency: quarterly
Sector: Real Estate
Years of Dividend History: 33
Mid-America Apartment Communities, Inc. dividend stands at $6.09 per share over the trailing twelve months, paid quarterly to shareholders of apartment communities across the Southeast, Southwest, and Mid-Atlantic United States. MAA currently yields 5.24%, with the next ex-dividend date on October 15, 2026, and a last quarterly payment of $1.53 per share. With a beta of 0.732, MAA stock moves less than the broader market, which suits income-focused investors who prioritize lower price volatility over aggressive capital appreciation.
Mid-America Apartment Communities, Inc. pays out 178.1% of earnings as dividends, a payout ratio classified as high (above 75%). For a REIT like MAA, earnings-based payout ratios routinely exceed 100% because REIT accounting requires large non-cash depreciation charges that reduce reported earnings without affecting cash available for dividends. Mid-America Apartment Communities, Inc. dividend safety is most directly pressured by the scale of that gap: at 178.1%, even a moderate decline in rental income across its 104,698 apartment units could tighten the cushion between cash generation and the $6.12 annual dividend obligation.
Mid-America Apartment Communities, Inc. dividend history shows a CAGR of 6.5% per year from 2011 to 2025. Per-share payments grew from $2.51 to $6.06 over that window (2026 is a partial year at $6.12 and is excluded from the CAGR). The largest annual increase in the window was 29.1% in 2021, though the data also contains at least one year-over-year decline exceeding 5%, with 2022 dropping from $5.1625 to $4.6750. That inconsistency matters: 6.5% annualized growth looks attractive, but the path was not linear.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +9.0% | $4.67 (2022) | $6.06 (2025) |
| 5-Year | +8.7% | $4.00 (2020) | $6.06 (2025) |
| 10-Year | +7.0% | $3.08 (2015) | $6.06 (2025) |
MAA stock fits income-focused investors drawn to apartment real estate with a yield well above historical norms. At 5.24%, the current yield sits meaningfully above the 5-year average of 3.4%, which reflects either a repricing of the stock or a period of elevated income opportunity relative to recent history. The high (above 4%) yield classification comes with a real trade-off: the 178.1% payout ratio leaves limited room for error if rental demand across MAA's 16-state footprint softens. What an investor gets is a high current income stream from a large, geographically diversified apartment REIT. What they accept is a payout structure that depends heavily on cash flow holding up rather than reported earnings.
| Payment Date | Amount per Share |
|---|---|
| 2026-10-15 | $1.5300 |
| 2026-07-15 | $1.5300 |
| 2026-04-15 | $1.5300 |
| 2026-01-15 | $1.5300 |
| 2025-10-15 | $1.5150 |
| 2025-07-15 | $1.5150 |
| 2025-04-15 | $1.5150 |
| 2025-01-15 | $1.5150 |
| 2024-10-15 | $1.4700 |
| 2024-07-15 | $1.4700 |
| Year | Total Dividends |
|---|---|
| 2026 | $6.1200 |
| 2025 | $6.0600 |
| 2024 | $5.8800 |
| 2023 | $5.6000 |
| 2022 | $4.6750 |
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