Credit: Shutterstock photoAvalonBay 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 Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
