How Mid-America Apartment Communities’ (MAA) Consistent Earnings Keep it Among the Top Profitable Dividend Stocks

Mid-America Apartment Communities, Inc. (NYSE:MAA) is included among the 13 Most Profitable Dividend Stocks to Buy Right Now.

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Mid-America Apartment Communities, Inc. (NYSE:MAA) is one of the country’s largest apartment owners, though it tends to fly under the radar unless you live in the southern United States. The real estate investment trust manages more than 104,000 units spread across major Sun Belt cities such as Atlanta and Dallas, as well as smaller, fast-growing markets like Charleston and Savannah. While it may not be as popular as landlords with properties in big coastal hubs, it remains a major player in its region.

Unlike many developers that have pulled back on new projects, Mid-America Apartment Communities, Inc. (NYSE:MAA) has been steadily expanding. The company has recently completed four new apartment communities, which are now in the process of leasing. These developments added over 1,400 units and required an investment of about $385.6 million. They are already close to being fully occupied, with stabilization expected before the year ends.

In addition, Mid-America Apartment Communities, Inc. (NYSE:MAA)’s dividend history offers it stability, which income investors are always looking for. The company has grown its dividends for 15 years in a row and offers a quarterly dividend of $1.515 per share. As of October 5, the stock has a dividend yield of 4.46%.

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Disclosure: None.