AvalonBay Communities, Inc. ( AVB ) will begin trading ex-dividend on March 26, 2013. A cash dividend payment of $1.07 per share is scheduled to be paid on April 15, 2013. Shareholders who purchased AVB stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 10.31% increase over the prior quarter.
The previous trading day's last sale of AVB was $126.59, representing a -16.29% decrease from the 52 week high of $151.23 and a 2.89% increase over the 52 week low of $123.04.
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 $4.31. Zacks Investment Research reports AVB's forecasted earnings growth in 2013 as 9.27%, compared to an industry average of 7.6%.
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 )
- Vanguard REIT ETF ( VNQ )
- streetTRACKS Wilshire REIT Index Fund ( RWR ).
The top-performing ETF of this group is REZ with an increase of 8.5% over the last 100 days. It also has the highest percent weighting of AVB at 6.84%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.