Armada Hoffler Announces 5% Increase in Quarterly Cash Dividend to $0.205/Share
Portfolio Pulse from Benzinga Newsdesk
Armada Hoffler (NYSE:AHH) has increased its quarterly cash dividend by 5% to $0.205 per share, payable on April 4, 2024, to stockholders of record as of March 27, 2024. Additionally, a dividend of $0.421875 per share on its 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock will be paid on April 15, 2024, to stockholders of record on April 1, 2024.
February 20, 2024 | 11:03 am
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Armada Hoffler announced a 5% increase in its quarterly cash dividend to $0.205 per share and declared a dividend for its Series A Preferred Stock.
Increasing dividends is generally seen as a positive signal about a company's financial health and future prospects, potentially leading to increased investor confidence and a rise in stock price. The announcement of a dividend increase and the specific details about the payment dates and amounts provide clear, positive news for investors.
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