{"id":2825,"date":"2021-05-18T13:17:37","date_gmt":"2021-05-18T18:17:37","guid":{"rendered":"https:\/\/1reason.com\/re\/armada-hoffler-properties-announces-second-consecutive-quarterly-increase-in-the-cash-dividend-on-common-shares\/2825\/"},"modified":"2021-05-19T08:17:37","modified_gmt":"2021-05-19T13:17:37","slug":"armada-hoffler-properties-announces-second-consecutive-quarterly-increase-in-the-cash-dividend-on-common-shares","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/armada-hoffler-properties-announces-second-consecutive-quarterly-increase-in-the-cash-dividend-on-common-shares\/2825\/","title":{"rendered":"Armada Hoffler Properties Announces Second Consecutive Quarterly Increase in the Cash Dividend on Common Shares"},"content":{"rendered":"
This represents the second consecutive quarterly increase, a 6.7% increase over the prior quarter\u2019s dividend, and a 45.5% cumulative increase year-to-date. The second quarter cash dividend will be payable on July 8, 2021 to stockholders of record on June 30, 2021. <\/p>\n

The Board of Directors also declared a cash dividend of $0.421875 per share on its 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock payable on July 15, 2021 to stockholders of record on July 1, 2021.<\/p>\n

\u201cAlthough the first quarter was somewhat uneventful in terms of notable developments that would change our near term outlook, substantial progress in leasing together with new growth opportunities provided a basis for the Board\u2019s decision to continue ramping the dividend,\u201d said Louis Haddad, President & CEO. \u201cThe management team appreciates their confidence, and we look forward to reporting the quarter\u2019s results tomorrow.\u201d<\/p>\n

At 8:30 a.m. Eastern on Tuesday, May 4, 2021, senior management will host a conference call and webcast to discuss first quarter earnings and other information. To listen to the call, dial 877-407-3982 (domestic) or 201-493-6780 (international) approximately 10 minutes prior to the start time of the call. The conference call will also be available through the investors page of the Company\u2019s website, ArmadaHoffler.com<\/a>.<\/p>\n

About Armada Hoffler Properties, Inc. <\/strong>
Armada Hoffler Properties, Inc. (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust (“REIT”) with over four decades of experience developing, building, acquiring, and managing high-quality, institutional-grade office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States. In addition to developing and building properties for its own account, the Company also provides development and general contracting construction services to third-party clients. Founded in 1979 by Daniel A. Hoffler, the Company has elected to be taxed as a REIT for U.S. federal income tax purposes. For more information, visit ArmadaHoffler.com<\/a>.<\/p>\n

Contact:<\/strong>
Michael P. O\u2019Hara
Armada Hoffler Properties, Inc.
Chief Financial Officer, Treasurer, and Secretary
Email: MOHara@ArmadaHoffler.com<\/a>
Phone: (757) 366-6684<\/p>\n<\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

\n

Company Also Announces Quarterly Cash Dividend on Preferred Stock<\/p>\n

VIRGINIA BEACH, Va., May 03, 2021 (GLOBE NEWSWIRE) — Armada Hoffler Properties, Inc. (NYSE: AHH) today announced that its Board of Directors declared a cash dividend of $0.16 per common share for the second quarter of 2021.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/2825"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=2825"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/2825\/revisions"}],"predecessor-version":[{"id":2836,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/2825\/revisions\/2836"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=2825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=2825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=2825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}