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Stock impact report

Aimco Announces an Update to its Share Repurchase Authorization and a Special Cash Dividend

Apartment Investment and Management Company (AIV) 
Last apartment investment and management company earnings: 1/30 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.aimco.com
Company Research Source: Business Wire
DENVER--(BUSINESS WIRE)--(NYSE: AIV) - Apartment Investment and Management Company (“Aimco”) today announced that its Board of Directors updated the existing share repurchase authorization and declared a special cash dividend of $0.02 per share.The existing share repurchase authorization has been updated from 10 million shares to 15 million shares. With this authorization, Aimco may purchase its Class A common shares from time to time with the amount and timing of purchases dependent upon a number of factors, including the price and availability of shares, trading volume, and general market conditions. The authorization has no time limit and may be suspended or discontinued at any time.The special cash dividend of $0.02 per share complies with REIT distribution requirements and is payable on September 30, 2022, to shareholders of record at market close on September 14, 2022.Wes Powell, Aimco President and Chief Executive Officer commented: “I am very pleased with the results produ Show less Read more
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