Trailing Dividend / Share
$6.99
AvalonBay Communities, Inc. (AVB) Dividend History
Income profile from 1994 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
3.9%
Payout Ratio
94.3%
At Risk
Dividend Streak
3 years
AVB Dividend Income Check
Safety
94.3% payout ratio with at risk safety profile.
Consistency
3 straight years of dividend increases.
Income Trend
Yield on cost is 4.5% and trend is rising.
AVB Dividend Scorecard
Yield & Income
Dividend Yield3.9%
Trailing DPS$6.99
FrequencySemi-Annual
Payments / 12M5
Payout Safety
Earnings Payout94.3%
Earnings SafetyAt Risk
FCF Payout64.3%
FCF SafetyAdequate
Piotroski F-Score5/9
Growth
Growth Streak3 years
3Y CAGR3.2%
5Y CAGR1.9%
Yield on Cost (5Y)4.5%
YOC Trendrising
Total Returns
Buyback Yield2.0%
Total Shareholder Yield5.9%
1Y Total Return-10.7%
5Y Total Return2.2%
Div Contribution (5Y)16.2%
Estimated $10K growth (return + dividends):
5Y ago$10,22010Y ago$13,80920Y ago$26,265
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
AVB Income Growth Story
Dividend per share and yield on cost over time (33 years of payments)
AVB Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Dividend Analysis
Payout Safety
AvalonBay Communities, Inc. distributes 94.3% of earnings as dividends (At Risk). When measured against free cash flow—a stricter test—the payout ratio stands at 64.3%, rated "Adequate".
Piotroski F-Score: 5/9 — moderate financial health.
Growth Track Record
AVB has raised its dividend for 3 consecutive years, with a 3-year CAGR of 3.2% and 5-year CAGR of 1.9%.
Total Shareholder Returns
Beyond cash dividends, AVB returns capital through share repurchases. The combined picture: 3.9% dividend yield, 2.0% buyback yield, 5.9% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 4.5% and is currently rising. The 5-year total return is 2.2%, with dividends contributing 16.2% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $13,809 today.
Elevated payout ratio — dividend sustainability should be monitored closely.
AVB Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$33.50
Avg/Payment$1.6750
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jun 30, 2026Latest | $1.7800 | — | 3.98% | Jul 15, 2026 |
| Mar 31, 2026 | $1.7800 | ↑ +1.7% | 4.30% | Apr 15, 2026 |
| Dec 31, 2025 | $1.7500 | — | 3.86% | Jan 15, 2026 |
| Sep 30, 2025 | $1.7500 | — | 3.60% | Oct 15, 2025 |
| Jun 30, 2025 | $1.7500 | — | 3.39% | Jul 15, 2025 |
| Mar 31, 2025 | $1.7500 | ↑ +2.9% | 3.19% | Apr 15, 2025 |
| Dec 31, 2024 | $1.7000 | — | 3.09% | Jan 15, 2025 |
| Sep 30, 2024 | $1.7000 | — | 3.00% | Oct 15, 2024 |
AVB Dividend vs Peers
Comparable companies in the same industry
#7 yield in peer group
Div Yield
3.9%
#7 of 9
Safety
At Risk
94.3% payout
Streak
3Y
1.9% 5Y CAGR
Total Shareholder
5.9%
#3 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| AVBAvalonBay Communitie… | $24.7B | 3.9% | 94.3% | 3 | At Risk |
 EQREquity Residential | $24.0B | 4.2% | 93.4% | 4 | At Risk |
 ESSEssex Property Trust… | $17.6B | 3.7% | 97.3% | 32 | At Risk |
 UDRUDR, Inc. | $12.2B | 4.6% | 1.5% | 16 | Sustainable |
 CPTCamden Property Trus… | $11.4B | 3.9% | 1.2% | 4 | Sustainable |
3rd  MAAMid-America Apartmen… | $15.4B | 4.6% | 1.6% | 15 | Sustainable |
2nd  NHINational Health Inve… | $3.4B | 5.1% | 1.2% | 1 | Sustainable |
 IRTIndependence Realty … | $3.7B | 4.2% | 2.7% | 4 | Sustainable |
1st  NXRTNexPoint Residential… | $684M | 7.8% | — | 11 | Unknown |
AVB Annual Dividend History (1994–2026)
33 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $3.56 | — | 2 | — | — | — | 2.3% |
| 2025 | $7.00 | 2.9% | 4 | $7.39 | 94.7% | 1.06x | 4.5% |
| 2024 | $6.80 | 3.0% | 4 | $7.60 | 89.5% | 1.12x | 4.4% |
| 2023 | $6.60 | 3.8% | 4 | $6.56 | 100.6% | 0.99x | 4.2% |
| 2022 | $6.36 | 0.0% | 4 | $8.11 | 78.4% | 1.28x | 4.1% |
| 2021 | $6.36 | 0.0% | 4 | $7.17 | 88.7% | 1.13x | 4.1% |
| 2020 | $6.36 | 4.6% | 4 | $5.88 | 108.2% | 0.92x | 4.1% |
| 2019 | $6.08 | 3.4% | 4 | $5.63 | 108.0% | 0.93x | 3.9% |
| 2018 | $5.88 | 3.5% | 4 | $7.05 | 83.4% | 1.20x | 3.8% |
| 2017 | $5.68 | 5.2% | 4 | $6.35 | 89.4% | 1.12x | 3.7% |
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into AVB consensus models and risk factors.
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
32+ years return with dividends reinvested.
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DCA Calculator
See how regular investing compounds over time.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
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AVB — Frequently Asked Questions
Quick answers to the most common questions about buying AVB stock.
How much dividend does AVB pay per share?
AvalonBay Communities, Inc. (AVB) pays a trailing 12-month dividend of $6.99 per share, with a current dividend yield of +3.9%. Payments are made Semi-Annual.
When is AVB's next ex-dividend date?
AVB's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. AVB typically pays dividends Semi-Annual.
Is AVB's dividend safe?
AVB's dividend safety is rated "At Risk" based on an earnings payout ratio of +94.3% and FCF payout ratio of +64.3%. The 3-year growth streak provides moderate confidence.
Is AVB a Dividend Payer?
Yes, AvalonBay Communities, Inc. is classified as a Dividend Payer with 3 consecutive years of dividend increases. The 5-year dividend CAGR is +1.9%, demonstrating modest dividend growth.
How often does AVB pay dividends?
AvalonBay Communities, Inc. pays dividends Semi-Annual. The trailing 12-month total is $6.99 per share. Dividend data on this page covers 32+ years from 1994 to 2026.
How much would $10,000 invested in AVB grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in AVB five years ago would be worth approximately $10,220 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is AVB's yield on cost for long-term holders?
AVB's yield on cost — the current dividend divided by the original purchase price — is +4.5% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +3.9% market yield, thanks to consistent dividend growth.