Armada Hoffler Properties Announces a 5.6% Increase in Its First Quarter 2017 Cash Dividend
VIRGINIA BEACH, Va.--(BUSINESS WIRE)-- Armada Hoffler Properties, Inc. (NYSE: AHH) today announced that its Board of Directors declared a cash dividend of $0.19 per common share for the first quarter of 2017. This represents a 5.6% increase over the prior quarter’s cash dividend and the third increase in three years, totaling nearly 19% dividend growth during that period. The first quarter dividend will be payable in cash on April 6, 2017 to stockholders of record on March 29, 2017.
About Armada Hoffler Properties, Inc.
Armada Hoffler Properties, Inc. is a full service real estate company with extensive experience developing, building, owning and managing high-quality, institutional-grade office, retail and multifamily properties in attractive markets throughout the Mid-Atlantic and Southeastern United States. The Company has elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes.
Certain matters within this press release are discussed using forward-looking language as specified in the Private Securities Litigation Reform Act of 1995, and, as such, may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those projected in the forward-looking statement. For a description of factors that may cause the Company's actual results or performance to differ from its forward-looking statements, please review the information under the heading “Risk Factors” included in the Company's Annual Report on Form 10-K for the year ended December 31, 2015, and other documents filed by the Company with the Securities and Exchange Commission.
Armada Hoffler Properties, Inc.
Michael P. O’Hara
Chief Financial Officer and Treasurer
Source: Armada Hoffler Properties, Inc.