Invitation Homes Announces Nearly 8% Increase to Cash Dividend And Accelerated Dividend Payment Dates
December 08 2023 - 6:45AM
Business Wire
Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the
“Company”) announced today that its board of directors has declared
a regular quarterly cash dividend of $0.28 per share payable on
shares of its common stock, representing a 7.7% increase over the
prior quarterly dividend of $0.26 per share. The dividend will be
paid on or before January 19, 2024, to stockholders of record of
the Company’s common stock as of the close of business on December
27, 2023.
The accelerated timing of the dividend, with a payment date
approximately one-month earlier than the corresponding payment date
in the prior year, has been implemented to offer greater
flexibility for REIT tax planning purposes. It also commences an
acceleration of the Company’s future dividend payment dates, which
are now anticipated in April, July, and October, subject each
quarter to approval by the Company’s board of directors.
About Invitation Homes
Invitation Homes, an S&P 500 company, is the nation's
premier single-family home leasing company, meeting changing
lifestyle demands by providing access to high-quality, updated
homes with valued features such as close proximity to jobs and
access to good schools. The company's mission, "Together with you,
we make a house a home," reflects its commitment to providing homes
where individuals and families can thrive and high-touch service
that continuously enhances residents' living experiences.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”), which include, but are not limited
to, statements related to the Company's expectations regarding the
performance of the Company's business, its financial results, its
liquidity and capital resources, and other non-historical
statements. In some cases, you can identify these forward-looking
statements by the use of words such as “outlook,” “guidance,”
“believes,” “expects,” “potential,” “continues,” “may,” “will,”
“should,” “could,” “seeks,” “projects,” “predicts,” “intends,”
“plans,” “estimates,” “anticipates,” or the negative version of
these words or other comparable words. Such forward-looking
statements are subject to various risks and uncertainties,
including, among others, risks inherent to the single-family rental
industry and the Company's business model, macroeconomic factors
beyond the Company's control, competition in identifying and
acquiring properties, competition in the leasing market for quality
residents, increasing property taxes, homeowners’ association and
insurance costs, poor resident selection and defaults and
non-renewals by the Company's residents, the Company's dependence
on third parties for key services, risks related to the evaluation
of properties, performance of the Company's information technology
systems, risks related to the Company's indebtedness, and risks
related to the potential negative impact of unfavorable global and
United States economic conditions (including inflation and rising
interest rates), uncertainty in financial markets (including as a
result of events affecting financial institutions), geopolitical
tensions, natural disasters, climate change, and public health
crises on the Company’s financial condition, results of operations,
cash flows, business, associates, and residents. Accordingly, there
are or will be important factors that could cause actual outcomes
or results to differ materially from those indicated in these
statements. The Company believes these factors include, but are not
limited to, those described under Part I. Item 1A. “Risk Factors”
of its Annual Report on Form 10-K for the year ended December 31,
2022 (the “Annual Report”), as such factors may be updated from
time to time in the Company's periodic filings with the Securities
and Exchange Commission (the “SEC”), which are accessible on the
SEC’s website at www.sec.gov. These factors should not be construed
as exhaustive and should be read in conjunction with the other
cautionary statements that are included in this release, in the
Annual Report, and in the Company's other periodic filings. The
forward-looking statements speak only as of the date of this press
release, and the Company expressly disclaims any obligation or
undertaking to publicly update or review any forward-looking
statement, whether as a result of new information, future
developments or otherwise, except to the extent otherwise required
by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20231208037479/en/
Investor Relations Contact: Scott McLaughlin 844.456.INVH
(4684) IR@InvitationHomes.com
Media Relations Contact: Kristi DesJarlais 972.421.3587
Media@InvitationHomes.com
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