AvalonBay (AVB) is well-poised to benefit from improving demand, portfolio expansion efforts and technological innovations. Stiff competition and interest rate hikes are concerning.
ARLINGTON, Va., September 15, 2022--AvalonBay Communities, Inc. (NYSE: AVB) announced today that its Board of Directors declared a cash dividend on the Company’s Common Stock (par value $0.01 per share) for the third quarter of 2022. The Common Stock dividend is $1.59 per share and is payable October 17, 2022, to all Common Stockholders of Record as of September 30, 2022.
This apartment REIT is putting up strong numbers today, but the real story is the company's pipeline for future growth.