AvalonBay Communities, Inc. (AVB) Ex-Dividend Date Scheduled for December 27, 2012


AvalonBay Communities, Inc. ( AVB ) has announced an ex-dividend date of December 27, 2012 and a cash dividend payment of $0.97 per share scheduled for January 15, 2013. Shareholders who purchased AVB stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that AVB has paid the same dividend. At the current stock price of $136.65, the dividend yield is 2.84%.

The previous trading day's last sale of AVB was $136.65, representing a -9.64% decrease from the 52 week high of $151.23 and a 10.46% increase over the 52 week low of $123.71.

AVB is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). AVB's current earnings per share, an indicator of a company's profitability, is $6.52. Zacks Investment Research reports AVB's forecasted earnings growth in 2012 as 19.43%, compared to an industry average of 13.5%.

For more information on the declaration, record and payment dates, visit the AVB Dividend History page.

Interested in gaining exposure to AVB through an Exchange Traded Fund [ETF]?
The following ETF(s) have AVB as a top-10 holding:

  • iShares FTSE NAREIT Residential Index Fund ( REZ )
  • PowerShares Active U.S. Real Estate Fund ( PSR )
  • iShares Cohen & Steers Realty Majors Index Fund ( ICF )
  • streetTRACKS Wilshire REIT Index Fund ( RWR )
  • Wilshire US REIT ( WREI ).

The top-performing ETF of this group is PSR with an increase of 1.34% over the last 100 days. REZ has the highest percent weighting of AVB at 6.85%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: News Headlines , Stocks

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