Apartment Investment and Management Company (AIV) to Issue Special Dividend of $1.30 on June 3rd

Apartment Investment and Management Company (NYSE:AIV) announced a special dividend on Thursday, April 30th. Shareholders of record on Friday, May 15th will be paid a dividend of 1.30 per share by the real estate investment trust on Wednesday, June 3rd.

Apartment Investment and Management has decreased its dividend by an average of 0.4%per year over the last three years.

Apartment Investment and Management Stock Up 0.4%

NYSE AIV opened at $4.27 on Friday. The business’s fifty day simple moving average is $4.32 and its 200-day simple moving average is $5.29. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 1.87. The firm has a market cap of $613.56 million, a PE ratio of 1.10 and a beta of 1.20. Apartment Investment and Management has a 52 week low of $3.93 and a 52 week high of $8.87.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings data on Monday, March 2nd. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $2.19. Apartment Investment and Management had a net margin of 316.79% and a return on equity of 9.05%. The firm had revenue of $34.64 million during the quarter, compared to analyst estimates of $56.65 million.

Apartment Investment and Management Company Profile

Apartment Investment and Management Company (NYSE:AIV), commonly known as Aimco, is a real estate investment trust focused on the ownership and operation of multifamily residential communities in the United States. The company acquires, develops and manages apartment properties that offer a range of living environments—from urban high-rise buildings to garden-style communities. Aimco’s core business includes leasing apartments, providing on-site services and amenities, and overseeing property maintenance to drive occupancy and resident satisfaction.

Founded in 1994 as part of GMAC Residential, Aimco became a publicly traded REIT with headquarters in Denver, Colorado.