ALEXANDRIA, Va. (AFX) - AvalonBay Communities, Inc., which owns or has an interest in 157 apartment communities in 10 states and the District of Columbia, said Thursday it would pay a quarterly dividend of 78 cents.
The dividend will be distributed on July 17 to shareholders of record June 30.
AvalonBay will also pay a dividend of 54.375 cents a share on its Series H Cumulative Redeemable Preferred shares on Sept. 15 to shareholders of record as of Aug. 31.
Shares of AvalonBay closed up $1.58 at $107.17 on the New York Stock Exchange.
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