Mid-America Apartment Communities, Inc.
MAAReal Estate · Stock · quarterly payer
Forward Yield
4.60%
Annual Dividend
$6.12
Payout Ratio
184%
5-Yr Growth
8.7%
Ex-Date
Jul 15, 2026
Frequency
Quarterly
Summary
As of July 2026, Mid-America Apartment Communities, Inc. (MAA) yields 4.60% ($6.12 per share annually), with a blended fair-value estimate of $164.06 — +23% upside, so it screens as undervalued. Dividend safety grade: A (83/100). 15 years of dividend growth.
Is MAA a good dividend stock?
YesMid-America Apartment Communities, Inc. (MAA) pays a quarterly dividend yielding 4.60% ($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 (184%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 4.60%
- Payout Ratio
- 184%
- Annual Dividend
- $6.12
- 5-Yr Avg Growth
- 8.7%
- Ex-Dividend Date
- Jul 15, 2026
- Years of Growth
- 15
- Frequency
- quarterly
- Beta
- 0.73
- Market Cap
- $16.0B
- P/E Ratio
- 40.3
- 5-Yr Total Return
- -31%
- 52-Week Range
- $120.30 – $153.93
- Dividend Safety
- A · 83/100
- Ever Cut?
- No
Frequently Asked Questions
MAA Price — Last 12 Months
Daily close
Price Return
1 Year
-9%
3 Years
-8%
5 Years
-31%
52-Week Range
$120.30 – $153.93
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MAA worth?
Undervaluedlow confidenceOur blended fair-value estimate for Mid-America Apartment Communities, Inc. is $164.06 per share, versus a market price of $132.96. That implies 23% of upside — a margin of safety of about 19%.
Fair Value
$164.06
Current Price
$132.96
Upside
+23%
Margin of Safety
19%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 7.9% discount rate (CAPM), 10.7% stage-1 growth, 2.5% terminal growth, $3.30 EPS, $6.12 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MAA Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 15, 2026 | — | $1.5300 | regular |
| Apr 15, 2026 | — | $1.5300 | regular |
| Jan 15, 2026 | — | $1.5300 | regular |
| Oct 15, 2025 | — | $1.5150 | regular |
| Jul 15, 2025 | — | $1.5150 | regular |
| Apr 15, 2025 | — | $1.5150 | regular |
| Jan 15, 2025 | — | $1.5150 | regular |
| Oct 15, 2024 | — | $1.4700 | regular |
| Jul 15, 2024 | — | $1.4700 | regular |
| Apr 12, 2024 | — | $1.4700 | regular |
| Jan 11, 2024 | — | $1.4700 | regular |
| Oct 12, 2023 | — | $1.4000 | regular |
| Jul 13, 2023 | — | $1.4000 | regular |
| Apr 13, 2023 | — | $1.4000 | regular |
Income Calculator
At $6.12 / yr per share
