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Mid-America Apartment Communities, Inc. (MAA)
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REIT note: for real-estate investment trusts the net-income payout ratio overstates the dividend, because large non-cash depreciation depresses GAAP earnings. REITs are evaluated on FFO / AFFO payout (the industry standard) and on the FCF payout — a payout above 100% here is normal for a REIT and is not, by itself, a sign the dividend is unsafe.

Mid-America Apartment Communities, Inc. (MAA) Dividend Payout Ratio: 184.53%

Is Mid-America Apartment Communities, Inc.’s dividend payout ratio high or low?

Mid-America Apartment Communities, Inc.'s dividend payout ratio of 184.53% is 58% above its 5-year average of 117.02%, near the high end of its 5-year range (81.87%–184.57%).

As of Wednesday, June 24, 2026. 29.43% above its 12-month average of 142.57%.

Dividend Payout Ratio (184.53%) = TTM Dividends/Share ($6.09) / TTM EPS ($3.30)

MAA Dividend Payout Ratio

MAA Dividend Payout Ratio Chart

184.53%
+48.35% 1Y
MAA Dividend Payout Ratio

MAA Average Dividend Payout Ratio Chart

MAA Dividend Payout Ratio

MAA Current vs Average Dividend Payout Ratio Chart

MAA Dividend Payout Ratio Metrics

DIVIDEND PAYOUT RATIO

184.53%

DIVIDEND PAYOUT RATIO AVG TTM

142.57%

DIVIDEND PAYOUT RATIO AVG 3Y

123.42%

DIVIDEND PAYOUT RATIO AVG 5Y

114.91%

DIVIDEND PAYOUT RATIO AVG 10Y

130.78%

DIVIDEND PAYOUT RATIO AVG 15Y

124.38%

DIVIDEND PAYOUT RATIO AVG 20Y

152.14%

CURRENT VS TTM AVG

+29.43%

CURRENT VS 3Y AVG

+49.52%

CURRENT VS 5Y AVG

+60.59%

CURRENT VS 10Y AVG

+41.10%

CURRENT VS 15Y AVG

+48.36%

CURRENT VS 20Y AVG

+21.29%

Annual Payout Ratio History

YearEPSDividendPayout Ratio
2025$3.79$6.06159.9%
2024$4.49$5.88131.0%
2023$4.71$5.60118.9%
2022$5.49$4.6785.2%
2021$4.62$4.1088.7%
2020$2.20$4.00181.8%
2019$3.00$3.84128.0%
2018$1.89$3.69195.2%
2017$2.86$3.48121.7%
2016$2.69$3.28121.9%
2015$4.41$3.0869.8%
2014$1.97$2.92148.2%
2013$2.27$2.78122.5%
2012$2.56$2.64103.1%
2011$1.32$2.51190.2%
2010$0.57$2.46431.6%
2009$0.85$2.46289.4%
2008$0.64$2.46384.4%
2007$1.01$2.42239.6%
2006$0.30$2.38793.3%
2005$0.25$2.35940.0%
2004$0.51$2.34458.8%
2003($0.07)$2.34N/A (Loss)
2002($0.11)$2.34N/A (Loss)
2001$0.72$2.34325.0%
2000$0.78$2.32297.4%
1999$0.93$2.30247.3%
1998$0.82$2.20268.3%
1997$0.43$2.14497.7%
1996$1.21$2.04168.6%

Mid-America Apartment Communities, Inc. Dividend Payout Ratio Formula & Definition

The payout ratio shows the share of trailing-12-month earnings paid out as dividends. For REITs, GAAP earnings understate cash generation (large non-cash depreciation), so read this alongside the FCF payout ratio — FFO/AFFO payout is the industry standard.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Mid-America Apartment Communities, Inc. Dividend Payout Ratio FAQ

What is the dividend payout ratio for Mid-America Apartment Communities, Inc. (MAA)?
The dividend payout ratio for MAA stock is 184.53%.
Is Mid-America Apartment Communities, Inc.'s dividend payout ratio high or low?
Mid-America Apartment Communities, Inc.'s dividend payout ratio of 184.53% is 58% above its 5-year average of 117.02%, near the high end of its 5-year range (81.87%–184.57%).
What is the TTM average dividend payout ratio for Mid-America Apartment Communities, Inc. (MAA)?
The TTM average dividend payout ratio for MAA stock is 142.57%.
What is the 3Y average dividend payout ratio for Mid-America Apartment Communities, Inc. (MAA)?
The 3Y average dividend payout ratio for MAA stock is 123.42%.
What is the 5Y average dividend payout ratio for Mid-America Apartment Communities, Inc. (MAA)?
The 5Y average dividend payout ratio for MAA stock is 114.91%.
What is the 10Y average dividend payout ratio for Mid-America Apartment Communities, Inc. (MAA)?
The 10Y average dividend payout ratio for MAA stock is 130.78%.
What is the 15Y average dividend payout ratio for Mid-America Apartment Communities, Inc. (MAA)?
The 15Y average dividend payout ratio for MAA stock is 124.38%.
What is the 20Y average dividend payout ratio for Mid-America Apartment Communities, Inc. (MAA)?
The 20Y average dividend payout ratio for MAA stock is 152.14%.

Mid-America Apartment Communities, Inc. Dividend Payout Ratio History

DATEDIVIDEND PAYOUT RATIO
2026-06-23184.53%
2026-06-18184.54%
2026-06-16184.57%
2026-06-12184.55%
2026-06-10184.56%
2026-06-08184.54%
2026-06-04184.56%
2026-06-02184.55%
2026-05-29184.54%
2026-05-27184.55%
2026-05-22184.55%
2026-05-20184.53%
2026-05-18184.53%
2026-05-14184.52%
2026-05-12184.56%
2026-05-08184.52%
2026-05-06184.52%
2026-05-04184.55%
2026-04-30184.57%
2026-04-28161.10%
2026-04-24161.09%
2026-04-22161.11%
2026-04-20161.10%
2026-04-16161.13%
2026-04-14160.70%
2026-04-10160.73%
2026-04-08160.73%
2026-04-06160.71%
2026-04-01160.71%
2026-03-30160.71%
2026-03-26160.69%
2026-03-24160.69%
2026-03-20160.72%
2026-03-18160.71%
2026-03-16160.71%
2026-03-12160.73%
2026-03-10160.73%
2026-03-06160.72%
2026-03-04160.71%
2026-03-02160.72%
2026-02-26160.69%
2026-02-24160.70%
2026-02-20160.72%
2026-02-18160.73%
2026-02-13160.72%
2026-02-11160.73%
2026-02-09160.72%
2026-02-05128.68%
2026-02-03128.71%
2026-01-30128.69%
2026-01-28128.69%
2026-01-26128.69%
2026-01-22128.71%
2026-01-20128.71%
2026-01-15128.69%
2026-01-13128.38%
2026-01-09128.38%
2026-01-07128.40%
2026-01-05128.39%
2025-12-31128.39%
2025-12-29128.40%
2025-12-24128.40%
2025-12-22128.40%
2025-12-18128.39%
2025-12-16128.40%
2025-12-12128.39%
2025-12-10128.37%
2025-12-08128.37%
2025-12-04128.40%
2025-12-02128.40%
2025-11-28128.39%
2025-11-25128.37%
2025-11-21128.40%
2025-11-19128.41%
2025-11-17128.39%
2025-11-13128.39%
2025-11-11128.41%
2025-11-07128.40%
2025-11-05128.37%
2025-11-03128.38%
2025-10-30128.39%
2025-10-28124.71%
2025-10-24124.69%
2025-10-22124.71%
2025-10-20124.67%
2025-10-16124.68%
2025-10-14123.75%
2025-10-10123.79%
2025-10-08123.75%
2025-10-06123.75%
2025-10-02123.78%
2025-09-30123.76%
2025-09-26123.77%
2025-09-24123.79%
2025-09-22123.75%
2025-09-18123.78%
2025-09-16123.76%
2025-09-12123.77%
2025-09-10123.78%
2025-09-08123.75%
2025-09-04123.77%
2025-09-02123.77%
2025-08-28123.78%
2025-08-26123.78%
2025-08-22123.77%
2025-08-20123.76%
2025-08-18123.77%
2025-08-14123.75%
2025-08-12123.75%
2025-08-08123.79%
2025-08-06123.76%
2025-08-04123.78%
2025-07-31123.78%
2025-07-29125.30%
2025-07-25125.30%
2025-07-23125.32%
2025-07-21125.30%
2025-07-17125.32%
2025-07-15125.29%
2025-07-11124.37%
2025-07-09124.38%
2025-07-07124.38%
2025-07-02124.39%
2025-06-30124.39%
2025-06-26124.37%
2025-06-24124.39%
2025-06-20124.37%
2025-06-17124.38%
2025-06-13124.38%
2025-06-11124.39%
2025-06-09124.38%
2025-06-05124.37%
2025-06-03124.36%
2025-05-30124.39%
2025-05-28124.36%
2025-05-23124.39%
2025-05-21124.38%
2025-05-19124.37%
2025-05-15124.37%
2025-05-13124.39%
2025-05-09124.37%
2025-05-07124.38%
2025-05-05124.39%
2025-05-01124.36%
2025-04-29133.24%
2025-04-25133.27%
2025-04-23133.27%
2025-04-21133.27%
2025-04-16133.24%
2025-04-1499.43%
2025-04-10132.26%
2025-04-08132.27%
2025-04-04132.26%
2025-04-02132.25%
2025-03-31132.27%
2025-03-27132.27%
2025-03-25132.24%
2025-03-21132.26%
2025-03-19132.24%
2025-03-17132.27%
2025-03-13132.24%
2025-03-11132.25%
2025-03-07132.24%
2025-03-05132.24%
2025-03-03132.25%
2025-02-27132.24%
2025-02-25132.26%
2025-02-21132.24%
2025-02-19132.26%
2025-02-14132.24%
2025-02-12132.25%
2025-02-10132.24%
2025-02-06133.75%
2025-02-04133.77%
2025-01-31133.74%
2025-01-29133.73%
2025-01-27133.75%
2025-01-23133.75%
2025-01-21133.77%
2025-01-16133.74%
2025-01-1499.55%
2025-01-1099.54%
2025-01-07132.74%
2025-01-03132.72%
2024-12-31132.73%
2024-12-27132.74%
2024-12-24132.71%
2024-12-20132.74%
2024-12-18132.75%
2024-12-16132.73%
2024-12-12132.71%
2024-12-10132.72%
2024-12-06132.74%
2024-12-04132.74%
2024-12-02132.74%
2024-11-27132.73%
2024-11-25132.72%
2024-11-21132.75%
2024-11-19132.75%
2024-11-15132.75%
2024-11-13132.73%
2024-11-11132.73%
2024-11-07132.74%
2024-11-05132.75%
2024-11-01132.72%
2024-10-30133.95%
2024-10-28133.93%
2024-10-24133.94%
2024-10-22133.94%
2024-10-18133.93%
2024-10-16133.94%
2024-10-14100.45%
2024-10-10132.34%
2024-10-08132.34%
2024-10-04132.34%
2024-10-02132.33%
2024-09-30132.36%
2024-09-26132.33%
2024-09-24132.33%
2024-09-20132.36%
2024-09-18132.35%
2024-09-16132.34%
2024-09-12132.35%
2024-09-10132.34%
2024-09-06132.35%
2024-09-04132.35%
2024-08-30132.36%
2024-08-28132.34%
2024-08-26132.36%
2024-08-22132.36%
2024-08-20132.33%
2024-08-16132.36%
2024-08-14132.36%
2024-08-12132.34%
2024-08-08132.35%
2024-08-06132.33%
2024-08-02132.33%
2024-07-31121.80%
2024-07-29121.79%
2024-07-25121.82%
2024-07-23121.81%
2024-07-19121.82%
2024-07-17121.81%
2024-07-15121.80%
2024-07-11120.33%
2024-07-09120.32%
2024-07-05120.34%
2024-07-02120.33%
2024-06-28120.35%
2024-06-26120.34%
2024-06-24120.35%
2024-06-20120.34%
2024-06-17120.35%
2024-06-13120.32%
2024-06-11120.31%
2024-06-07120.34%
2024-06-05120.34%
2024-06-03120.34%
2024-05-30120.32%
2024-05-28120.34%

Showing the most recent 260 of 2,515 data points. The chart above shows the full history.

About Mid-America Apartment Communities, Inc.

Mid-America Apartment Communities, known as MAA, is a prominent S&P 500 entity operating as a Real Estate Investment Trust (REIT). Its core objective is to generate outstanding, comprehensive investment returns for its shareholders. MAA achieves this by strategically acquiring, developing, redeveloping, owning, and managing high-quality apartment complexes. These properties are primarily located across the Southeast, Southwest, and Mid-Atlantic regions of the United States. As of December 31, 2020, the company held an interest in 102,772 apartment units, a figure that includes communities currently under development, spread throughout 16 states and the District of Columbia.

Germantown, TN
2,532 employees
Real Estate / REIT - Residential
Sector
Real Estate
Industry
REIT - Residential
CEO
Adrian Bradley Hill