Mid-America Apartment Communities' Series A Preferred Shares Yield Pushes Past 8%

In trading on Tuesday, shares of Mid-America Apartment Communities Inc's 8 1/2% Series A Cumulative Redeemable Preferred Shares (Symbol: MAA.PRI) were yielding above the 8% mark based on its quarterly dividend (annualized to $4.25), with shares changing hands as low as $53.02 on the day. This compares to an average yield of 8.02% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, MAA.PRI was trading at a 7.84% premium to its liquidation preference amount, versus the average discount of 13.47% in the "Real Estate" category.

Below is a dividend history chart for MAA.PRI, showing historical dividend payments on Mid-America Apartment Communities Inc's 8 1/2% Series A Cumulative Redeemable Preferred Shares:

In Tuesday trading, Mid-America Apartment Communities Inc's 8 1/2% Series A Cumulative Redeemable Preferred Shares (Symbol: MAA.PRI) is currently down about 1.2% on the day, while the common shares (Symbol: MAA) are down about 2.2%.

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