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Stock impact report

Armada Hoffler Announces 12% Increase in Quarterly Cash Dividend on Common Shares

Armada Hoffler Properties, Inc. (AHH) 
Last armada hoffler properties, inc. earnings: 4/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.armadahoffler.com
Company Research Source: GlobeNewswire
VIRGINIA BEACH, Va., July 28, 2022 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE: AHH) announced that for the third quarter of 2022, its Board of Directors declared a cash dividend of $0.19 per common share, representing a 12% increase over the prior quarter’s dividend. The third quarter cash dividend will be payable on October 6, 2022 to stockholders of record on September 28, 2022. The Board of Directors also declared a cash dividend of $0.421875 per share on its 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock payable on October 14, 2022 to stockholders of record on October 3, 2022. “Sustained growth across our entire portfolio, accretive development projects coming online, and earnings poised to surpass pre-pandemic levels, provided ample support for our Board to increase the dividend,” said Louis Haddad, President & CEO. “Higher occupancy and rent growth through positive releasing spreads and apartment trade outs have resulted in significantly higher Show less Read more
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