Mid-America Apartment Communities (MAA) Dividend

Mid-America Apartment Communities, Inc. · Real Estate · REIT - Residential · quarterly payer

$118.93

As of Nov 8, 2026, Mid-America Apartment Communities (MAA) pays a quarterly dividend of $1.53 per share, or $6.12 a year, a 5.15% yield at its $118.93 share price. It pays every quarter, usually in January, April, July and October. It has raised its dividend 15 years in a row and has a dividend safety grade of A.

Forward Yield

5.15%

Annual Dividend

$6.12

Payout Ratio

185%

5-Yr Growth

8.7%

Ex-Date

Oct 15, 2026

Frequency

Quarterly

Key facts about MAA's dividend

Data as of Nov 8, 2026 · Source: SmarterDividends data

As of Nov 8, 2026, Mid-America Apartment Communities, Inc. (MAA) has a forward dividend yield of 5.15%, based on an annual dividend of $6.12 per share and a share price of $118.93.
As of Nov 8, 2026, MAA's dividend safety grade from SmarterDividends is A (81 out of 100), which rates the dividend as very safe.
By SmarterDividends' count, Mid-America Apartment Communities, Inc. (MAA) has raised its dividend for 15 consecutive years as of Nov 8, 2026.
MAA has never cut its regular dividend in the payment history SmarterDividends has on record.
MAA's most recent ex-dividend date was Oct 15, 2026, for a dividend of $1.53 per share.
As of Nov 8, 2026, MAA pays out 185% of its trailing 12-month earnings as dividends (its payout ratio).
MAA's dividend has grown at an average rate of 8.7% a year over the past five years.
As of Nov 8, 2026, MAA's 5.15% yield is 52% above its five-year average yield of 3.40%.
As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for MAA is $98.52 per share, 17% below the $118.93 share price, so MAA screens as overvalued.
Mid-America Apartment Communities, Inc. (MAA) pays its dividend quarterly, 4 times a year.
Mid-America Apartment Communities, Inc. (MAA) has raised its regular dividend 28 times and cut it 0 times across the 131 payments on record since 1994. Its most recent change was a 1.0% increase to $1.53 per share, going ex-dividend on Jan 15, 2026.
Mid-America Apartment Communities (MAA) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 1.0%, was declared on Dec 17, 2025.

Cite this page

SmarterDividends, "MAA Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/MAA

Is MAA a good dividend stock?

Yes

Mid-America Apartment Communities, Inc. (MAA) pays a quarterly dividend yielding 5.15% ($6.12/yr), with 15 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

15 consecutive years of dividend growth
Never cut its dividend on record
Strong 8.7% 5-yr dividend growth
Top-tier dividend safety score

Risks

Elevated payout ratio (185%)
Share price is down over the past 5 years

Key Data

Dividend Yield: 5.15%
Payout Ratio: 185%
Annual Dividend: $6.12
5-Yr Avg Growth: 8.7%
Ex-Dividend Date: Oct 15, 2026
Years of Growth: 15
Frequency: quarterly
Beta: 0.70
Market Cap: $14.1B
P/E Ratio: 36.0
5-Yr Total Return: -42%
52-Week Range: $113.95 – $144.41
Dividend Safety: A · 81/100
Ever Cut?: No

MAA dividend raises and cuts

Mid-America Apartment Communities, Inc. (MAA) has raised its regular dividend 28 times and cut it 0 times across the 131 payments on record since 1994. Its most recent change was a 1.0% increase to $1.53 per share, going ex-dividend on Jan 15, 2026.

Ex-date	Change	Old → new	Move
Jan 15, 2026	Raise	$1.52 → $1.53	+1.0%
Jan 15, 2025	Raise	$1.47 → $1.52	+3.1%
Jan 11, 2024	Raise	$1.40 → $1.47	+5.0%
Jan 12, 2023	Raise	$1.25 → $1.40	+12.0%
Jul 14, 2022	Raise	$1.09 → $1.25	+14.9%
Jan 13, 2022	Raise	$1.03 → $1.09	+6.1%
Jan 14, 2021	Raise	$1.00 → $1.03	+2.5%
Jan 14, 2020	Raise	$0.960 → $1.00	+4.2%
Jan 14, 2019	Raise	$0.923 → $0.960	+4.0%
Jan 11, 2018	Raise	$0.870 → $0.923	+6.1%
Jan 11, 2017	Raise	$0.820 → $0.870	+6.1%
Jan 13, 2016	Raise	$0.770 → $0.820	+6.5%

Show all 28 changes since 1994

Ex-date	Change	Old → new	Move
Jan 13, 2015	Raise	$0.730 → $0.770	+5.5%
Jan 13, 2014	Raise	$0.695 → $0.730	+5.0%
Jan 11, 2013	Raise	$0.660 → $0.695	+5.3%
Jan 11, 2012	Raise	$0.628 → $0.660	+5.1%
Jan 12, 2011	Raise	$0.615 → $0.628	+2.1%
Jan 11, 2008	Raise	$0.605 → $0.615	+1.7%
Jan 10, 2007	Raise	$0.595 → $0.605	+1.7%
Oct 17, 2005	Raise	$0.585 → $0.595	+1.7%
Jan 22, 2001	Raise	$0.580 → $0.585	+0.9%
Jan 20, 2000	Raise	$0.575 → $0.580	+0.9%
Jan 20, 1999	Raise	$0.550 → $0.575	+4.5%
Jan 21, 1998	Raise	$0.535 → $0.550	+2.8%
Jan 22, 1997	Raise	$0.510 → $0.535	+4.9%
Jan 22, 1996	Raise	$0.500 → $0.510	+2.0%
Jan 17, 1995	Raise	$0.450 → $0.500	+11.1%
Jul 18, 1994	Raise	$0.260 → $0.450	+73.1%

Every MAA payment →Download every raise and cut (CSV)

MAA ex-dividend date & scheduleNext ex-date Oct 15, 2026 · full ex-dividend historyView →MAA dividend historyEvery payment, totals by year, raises and cutsView →MAA dividend calculator100 shares pay $612.00 a year, $153.00 each quarterCalculate →MAA total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is MAA a good dividend stock?

Yes. Mid-America Apartment Communities, Inc. (MAA) pays a quarterly dividend yielding 5.15% ($6.12/yr), with 15 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is MAA undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MAA's fair value is about $98.52 versus a $118.93 share price — so it looks overvalued (-17% vs. fair value).

Is MAA's dividend safe?

MAA has a dividend-safety grade of A (81/100), based on its payout coverage, free-cash-flow, 15-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is MAA's fair value?

Our blended fair-value estimate for MAA is about $98.52 per share, about 17% below the current $118.93 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is MAA a buy, hold, or sell?

We don't issue formal ratings, but on the data MAA screens as "yes" and overvalued. Mid-America Apartment Communities, Inc. (MAA) pays a quarterly dividend yielding 5.15% ($6.12/yr), with 15 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will MAA cut its dividend?

MAA earns a dividend-safety grade of A (81/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does MAA pay a dividend?

Yes. Mid-America Apartment Communities, Inc. pays a quarterly dividend of about $6.12 per share annually, a forward yield of roughly 5.15%.

How much dividend does 100 shares of MAA pay?

At $6.12 per share a year, 100 shares of MAA pay $612.00 a year in dividends before tax, about $153.00 each quarter. Buying them costs about $11,893 at the Nov 8, 2026 price.

What is MAA's dividend yield?

As of Nov 8, 2026, MAA's forward dividend yield is 5.15%, based on a $6.12 annual dividend and a $118.93 share price.

What is MAA's dividend per share?

As of Nov 8, 2026, MAA pays $6.12 per share per year, distributed on a quarterly basis.

What is MAA's dividend payout ratio?

As of Nov 8, 2026, MAA's payout ratio is 185% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has MAA grown its dividend?

As of Nov 8, 2026, MAA has increased its dividend for 15 consecutive years.

When is the next MAA ex-dividend date?

As of Nov 8, 2026, MAA's next ex-dividend date hasn't been announced. The most recent was Oct 15, 2026, for $1.53 per share.

Dividend Growth

Total dividends per share by year

Dividend History

Full MAA dividend history →

Ex-Date	Pay Date	Amount	Type
Oct 15, 2026	Oct 30, 2026	$1.5300	regular
Jul 15, 2026	Jul 31, 2026	$1.5300	regular
Apr 15, 2026	Apr 30, 2026	$1.5300	regular
Jan 15, 2026	Jan 30, 2026	$1.5300	regular
Oct 15, 2025	Oct 31, 2025	$1.5150	regular
Jul 15, 2025	Jul 31, 2025	$1.5150	regular
Apr 15, 2025	Apr 30, 2025	$1.5150	regular
Jan 15, 2025	Jan 31, 2025	$1.5150	regular
Oct 15, 2024	Oct 31, 2024	$1.4700	regular
Jul 15, 2024	Jul 31, 2024	$1.4700	regular
Apr 12, 2024	Apr 30, 2024	$1.4700	regular
Jan 11, 2024	Jan 31, 2024	$1.4700	regular
Oct 12, 2023	Oct 31, 2023	$1.4000	regular
Jul 13, 2023	Jul 31, 2023	$1.4000	regular