Armada Hoffler Properties Increases First Quarter 2020 Cash Dividend on Common Shares 4.8%
February 20 2020 - 4:15PM
Armada Hoffler Properties, Inc. (NYSE: AHH) announced that its
Board of Directors declared a cash dividend of $0.22 per common
share for the first quarter of 2020. This represents a 4.8%
increase over the prior quarter’s cash dividend and 38% growth
since inception. The increase in the first quarter of 2020 cash
dividend marks the sixth increase in six years. The first quarter
dividend will be paid in cash on April 2, 2020 to stockholders of
record on March 25, 2020.
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 April 15, 2020 to
stockholders of record on April 1, 2020.
About Armada Hoffler Properties,
Inc.Armada Hoffler Properties, Inc. (NYSE: AHH) is a
vertically-integrated, self-managed real estate investment trust
("REIT") with 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.
Contact:Michael P. O’HaraArmada Hoffler
Properties, Inc.Chief Financial Officer, Treasurer, and
SecretaryEmail: MOHara@ArmadaHoffler.com Phone: (757)
366-6684
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