Trailing Dividend / Share
$6.05
Mid-America Apartment Communities, Inc. (MAA) Dividend History
Income profile from 1994 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
4.6%
Payout Ratio
1.6%
Sustainable
Dividend Streak
15 years
MAA Dividend Income Check
Safety
1.6% payout ratio with sustainable safety profile.
Consistency
15 straight years of dividend increases.
Income Trend
Yield on cost is 4.9% and trend is rising.
MAA Dividend Scorecard
Yield & Income
Dividend Yield4.6%
Trailing DPS$6.05
FrequencyQuarterly
Payments / 12M5
Payout Safety
Earnings Payout1.6%
Earnings SafetySustainable
FCF Payout118.2%
FCF SafetyStretched
Piotroski F-Score4/9
Growth
Growth Streak15 years
3Y CAGR9.0%
5Y CAGR8.7%
Yield on Cost (5Y)4.9%
YOC Trendrising
Total Returns
Buyback Yield0.2%
Total Shareholder Yield4.7%
1Y Total Return-6.9%
5Y Total Return-4.8%
Div Contribution (5Y)16.3%
Estimated $10K growth (return + dividends):
5Y ago$9,52210Y ago$17,59220Y ago$37,589
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.
MAA Income Growth Story
Dividend per share and yield on cost over time (33 years of payments)
MAA Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Dividend Analysis
Payout Safety
Mid-America Apartment Communities, Inc. distributes 1.6% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 118.2%, rated "Stretched".
Piotroski F-Score: 4/9 — moderate financial health.
Growth Track Record
MAA has raised its dividend for 15 consecutive years, with a 3-year CAGR of 9.0% and 5-year CAGR of 8.7%.
Total Shareholder Returns
Beyond cash dividends, MAA returns capital through share repurchases. The combined picture: 4.6% dividend yield, 0.2% buyback yield, 4.7% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 4.9% and is currently rising. The 5-year total return is -4.8%, with dividends contributing 16.3% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $17,592 today.
FCF payout is stretched — the dividend consumes a large share of free cash flow.
MAA Recent Dividend Payments
Last 20 payments · Quarterly
TTM Total$27.83
Avg/Payment$1.3915
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jul 15, 2026Latest | $1.5300 | — | 4.58% | Jul 31, 2026 |
| Apr 15, 2026 | $1.5300 | — | 4.90% | Apr 30, 2026 |
| Jan 15, 2026 | $1.5300 | ↑ +1.0% | 4.49% | Jan 30, 2026 |
| Oct 15, 2025 | $1.5150 | — | 4.59% | Oct 31, 2025 |
| Jul 15, 2025 | $1.5150 | — | 4.08% | Jul 31, 2025 |
| Apr 15, 2025 | $1.5150 | — | 3.85% | Apr 30, 2025 |
| Jan 15, 2025 | $1.5150 | ↑ +3.1% | 3.96% | Jan 31, 2025 |
| Oct 15, 2024 | $1.4700 | — | 3.85% | Oct 31, 2024 |
MAA Dividend vs Peers
Comparable companies in the same industry
#3 yield in peer group
Div Yield
4.6%
#3 of 9
Safety
Sustainable
1.6% payout
Streak
15Y
8.7% 5Y CAGR
Total Shareholder
4.7%
#8 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
3rd MAAMid-America Apartmen… | $15.4B | 4.6% | 1.6% | 15 | Sustainable |
 EQREquity Residential | $24.0B | 4.2% | 93.4% | 4 | At Risk |
 AVBAvalonBay Communitie… | $24.7B | 3.9% | 94.3% | 3 | At Risk |
 CPTCamden Property Trus… | $11.4B | 3.9% | 1.2% | 4 | Sustainable |
 UDRUDR, Inc. | $12.2B | 4.6% | 1.5% | 16 | Sustainable |
 ESSEssex Property Trust… | $17.6B | 3.7% | 97.3% | 32 | At Risk |
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 |
MAA Annual Dividend History (1994–2026)
33 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $4.59 | — | 3 | — | — | — | 3.7% |
| 2025 | $6.06 | 3.1% | 4 | $3.78 | 160.3% | 0.62x | 4.9% |
| 2024 | $5.88 | 5.0% | 4 | $4.49 | 131.0% | 0.76x | 4.8% |
| 2023 | $5.60 | 19.8% | 4 | $4.71 | 118.9% | 0.84x | 4.6% |
| 2022 | $4.67 | 14.0% | 4 | $5.48 | 85.3% | 1.17x | 3.8% |
| 2021 | $4.10 | 2.5% | 4 | $4.61 | 88.9% | 1.12x | 3.3% |
| 2020 | $4.00 | 4.2% | 4 | $2.19 | 182.6% | 0.55x | 3.3% |
| 2019 | $3.84 | 4.1% | 4 | $2.99 | 128.4% | 0.78x | 3.1% |
| 2018 | $3.69 | 6.0% | 4 | $1.89 | 195.2% | 0.51x | 3.0% |
| 2017 | $3.48 | 6.1% | 4 | $2.86 | 121.7% | 0.82x | 2.8% |
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into MAA 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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MAA — Frequently Asked Questions
Quick answers to the most common questions about buying MAA stock.
How much dividend does MAA pay per share?
Mid-America Apartment Communities, Inc. (MAA) pays a trailing 12-month dividend of $6.05 per share, with a current dividend yield of +4.6%. Payments are made Quarterly.
When is MAA's next ex-dividend date?
MAA's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. MAA typically pays dividends Quarterly.
Is MAA's dividend safe?
MAA's dividend safety is rated "Sustainable" based on an earnings payout ratio of +1.6% and FCF payout ratio of +118.2%. With 15 consecutive years of dividend growth, the track record supports sustainability.
Is MAA a Dividend Achiever?
Yes, Mid-America Apartment Communities, Inc. is classified as a Dividend Achiever with 15 consecutive years of dividend increases. The 5-year dividend CAGR is +8.7%, demonstrating above-inflation dividend growth.
How often does MAA pay dividends?
Mid-America Apartment Communities, Inc. pays dividends Quarterly. The trailing 12-month total is $6.05 per share. Dividend data on this page covers 32+ years from 1994 to 2026.
How much would $10,000 invested in MAA grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in MAA five years ago would be worth approximately $9,522 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is MAA's yield on cost for long-term holders?
MAA's yield on cost — the current dividend divided by the original purchase price — is +4.9% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +4.6% market yield, thanks to consistent dividend growth.