AvalonBay Communities (AVB) Dividend History & Yield
AvalonBay Communities (AVB) has increased its dividend for 4 consecutive years and currently yields 3.77%. The most recent dividend was $1.7800/share on Apr 15, 2026, paid Quarterly.
Current Yield
3.77%
TTM Dividend/Share
$7.03
Payment Frequency
Quarterly
Payout Ratio
87.4%
Consecutive Growth Years
4
Div Growth (1Y CAGR)
2.94%
Div Growth (5Y CAGR)
1.94%
Div Growth (10Y CAGR)
3.42%
AVB: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
5.7%
FCF payout ratio
16.7%
Net debt / EBITDA
4.6x
Interest coverage
3.30x
ROIC (TTM)
6.8%
Dividend Safety Score
3 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 87.4%, above the 75% threshold.
Free cash flow covers dividend
FCF/share ($10.04) covers dividend/share ($7.03).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
Only 4 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 16.7%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 4.6x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (1.9%) exceeds EPS growth (-6.5%) — payout ratio expanding.
Per-payment dividend history
Ex-date Mar 31, 2026
- Payment date
- Apr 15, 2026
- Dividend
- $1.7800
- Adj. dividend
- $1.7800
Ex-date Dec 31, 2025
- Payment date
- Jan 15, 2026
- Dividend
- $1.7500
- Adj. dividend
- $1.7500
Ex-date Sep 30, 2025
- Payment date
- Oct 15, 2025
- Dividend
- $1.7500
- Adj. dividend
- $1.7500
Ex-date Jun 30, 2025
- Payment date
- Jul 15, 2025
- Dividend
- $1.7500
- Adj. dividend
- $1.7500
Ex-date Mar 31, 2025
- Payment date
- Apr 15, 2025
- Dividend
- $1.7500
- Adj. dividend
- $1.7500
Ex-date Dec 31, 2024
- Payment date
- Jan 15, 2025
- Dividend
- $1.7000
- Adj. dividend
- $1.7000
Ex-date Sep 30, 2024
- Payment date
- Oct 15, 2024
- Dividend
- $1.7000
- Adj. dividend
- $1.7000
Ex-date Jun 28, 2024
- Payment date
- Jul 15, 2024
- Dividend
- $1.7000
- Adj. dividend
- $1.7000
Ex-date Mar 27, 2024
- Payment date
- Apr 15, 2024
- Dividend
- $1.7000
- Adj. dividend
- $1.7000
Ex-date Dec 28, 2023
- Payment date
- Jan 16, 2024
- Dividend
- $1.6500
- Adj. dividend
- $1.6500
Ex-date Sep 28, 2023
- Payment date
- Oct 16, 2023
- Dividend
- $1.6500
- Adj. dividend
- $1.6500
Ex-date Jun 29, 2023
- Payment date
- Jul 17, 2023
- Dividend
- $1.6500
- Adj. dividend
- $1.6500
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Mar 31, 2026 | Apr 15, 2026 | $1.7800 | $1.7800 |
| Dec 31, 2025 | Jan 15, 2026 | $1.7500 | $1.7500 |
| Sep 30, 2025 | Oct 15, 2025 | $1.7500 | $1.7500 |
| Jun 30, 2025 | Jul 15, 2025 | $1.7500 | $1.7500 |
| Mar 31, 2025 | Apr 15, 2025 | $1.7500 | $1.7500 |
| Dec 31, 2024 | Jan 15, 2025 | $1.7000 | $1.7000 |
| Sep 30, 2024 | Oct 15, 2024 | $1.7000 | $1.7000 |
| Jun 28, 2024 | Jul 15, 2024 | $1.7000 | $1.7000 |
| Mar 27, 2024 | Apr 15, 2024 | $1.7000 | $1.7000 |
| Dec 28, 2023 | Jan 16, 2024 | $1.6500 | $1.6500 |
| Sep 28, 2023 | Oct 16, 2023 | $1.6500 | $1.6500 |
| Jun 29, 2023 | Jul 17, 2023 | $1.6500 | $1.6500 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
AvalonBay Communities has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 4 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $7.0000 | — | — |
| 2025 | $6.8000 | $7.0000 | +2.9% |
| 2024 | $6.6000 | $6.8000 | +3.0% |
| 2023 | $6.3600 | $6.6000 | +3.8% |
| 2022 | $6.3600 | $6.3600 | 0.0% |
| 2021 | $6.3600 | $6.3600 | 0.0% |
| 2020 | $6.0800 | $6.3600 | +4.6% |
| 2019 | $5.8800 | $6.0800 | +3.4% |
| 2018 | $5.6800 | $5.8800 | +3.5% |
| 2017 | $5.4000 | $5.6800 | +5.2% |
| 2016 | $5.0000 | $5.4000 | +8.0% |
| 2015 | $4.6400 | $5.0000 | +7.8% |
| 2014 | $4.2800 | $4.6400 | +8.4% |
| 2013 | $3.8800 | $4.2800 | +10.3% |
| 2012 | $3.5700 | $3.8800 | +8.7% |
| 2011 | $3.5700 | $3.5700 | 0.0% |
| 2010 | $3.5700 | $3.5700 | 0.0% |
| 2009 | $5.3775 | $3.5700 | -33.6% |
| 2008 | $3.4000 | $5.3775 | +58.2% |
| 2007 | $3.1200 | $3.4000 | +9.0% |
| 2006 | $2.8400 | $3.1200 | +9.9% |
| 2005 | $2.8000 | $2.8400 | +1.4% |
| 2004 | $2.8000 | $2.8000 | 0.0% |
| 2003 | $2.8000 | $2.8000 | 0.0% |
| 2002 | $2.5600 | $2.8000 | +9.4% |
| 2001 | $2.2400 | $2.5600 | +14.3% |
| 2000 | $2.0600 | $2.2400 | +8.7% |
| 1999 | $1.9500 | $2.0600 | +5.6% |
| 1998 | $1.6600 | $1.9500 | +17.5% |
| 1997 | $1.6100 | $1.6600 | +3.1% |
| 1996 | $1.5500 | $1.6100 | +3.9% |
| 1995 | — | $1.5500 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for AvalonBay Communities (AVB) from the consolidated cash flow statement, in USD as filed.
Latest period
$997.96M
YoY change
+3.2%
5Y CAGR
+2.4%
Peak year (2025)
$992.33M
Latest annual
$992.33M
Cash dividends paid over time for AvalonBay Communities (AVB)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for AvalonBay Communities (AVB)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $992.33M | +3.2% | +$30.42M | ||
| 2024 | $961.91M | +4.3% | +$39.26M | ||
| 2023 | $922.66M | +3.7% | +$33.05M | ||
| 2022 | $889.61M | +0.1% | +$1.26M | ||
| 2021 | $888.34M | +0.6% | +$5.13M | ||
| 2020 | $883.21M | +5.2% | +$43.57M | ||
| 2019 | $839.65M | +4.3% | +$34.41M | ||
| 2018 | $805.24M | +4.2% | +$32.58M | ||
| 2017 | $772.66M | +6.3% | +$45.91M | ||
| 2016 | $726.75M | +10.9% | +$71.50M | ||
| 2015 | $655.25M | +10.4% | +$61.60M | ||
| 2014 | $593.64M | +12.8% | +$67.59M | ||
| 2013 | $526.05M | +43.9% | +$160.48M | ||
| 2012 | $365.57M | +14.9% | +$47.34M | ||
| 2011 | $318.23M | +6.8% | +$20.14M | ||
| 2010 | $298.09M | +5.1% | +$14.38M | ||
| 2009 | $283.71M | +1.6% | +$4.52M | ||
| 2008 | $279.19M | +3.0% | +$8.15M | ||
| 2007 | $271.04M | +15.4% | +$36.08M | ||
| 2006 | $234.96M | +9.1% | +$19.57M | ||
| 2005 | $215.39M | +3.0% | +$6.30M | ||
| 2004 | $209.09M | +3.3% | +$6.68M | ||
| 2003 | $202.42M | -2.4% | -$5.03M | ||
| 2002 | $207.45M | +2.1% | +$4.24M | ||
| 2001 | $203.21M | +9.5% | +$17.70M | ||
| 2000 | $185.51M | +7.6% | +$13.18M | ||
| 1999 | $172.33M | +32.9% | +$42.67M | ||
| 1998 | $129.66M | +203.0% | +$86.87M | ||
| 1997 | $42.80M | +64.3% | +$16.74M | ||
| 1996 | $26.05M | +46.4% | +$8.25M | ||
| 1995 | $17.80M | +87.4% | +$8.30M | ||
| 1994 | $9.50M | — | — |
2025's annual dividends paid for AvalonBay Communities (AVB) came in at $992.33M – edged up 3.2% year-over-year.
Over 2020–2025 (5 years), AvalonBay Communities dividends paid expanded at a +2.4% compound annual rate, sustaining 22 straight years of year-over-year growth.
2025 marks the peak dividends paid at $992.33M, with the historical low of $9.50M recorded in 1994.
AvalonBay Communities (AVB) sits 9th of 8 Real Estate peers we track on this metric, against a peer median of $2.55B.
AvalonBay Communities Dividends Paid 2025: $992.33M
AvalonBay Communities dividends paid in 2025 was $992.33M, edged up 3.2% from 2024. This figure represents the highest annual value in the available history.
AvalonBay Communities Dividends Paid 2024: $961.91M
AvalonBay Communities dividends paid in 2024 was $961.91M, edged up 4.3% from 2023.
AvalonBay Communities Dividends Paid 2023: $922.66M
AvalonBay Communities dividends paid in 2023 was $922.66M, edged up 3.7% from 2022.
AvalonBay Communities Dividends Paid 2022: $889.61M
AvalonBay Communities dividends paid in 2022 was $889.61M, edged up 0.1% from 2021.
AvalonBay Communities Dividends Paid 2021: $888.34M
AvalonBay Communities dividends paid in 2021 was $888.34M.
See more financial history for AvalonBay Communities (AVB).
Sector peers by dividends paid
Companies in the same sector as AvalonBay Communities, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| Prologis (PLD) | $3.76B | Real Estate |
| American Tower (AMT) | $3.16B | Real Estate |
| Realty Income (O) | $2.92B | Real Estate |
| Simon Property Group (SPG) | $2.79B | Real Estate |
| Public Storage (PSA) | $2.30B | Real Estate |
| Welltower (WELL) | $1.88B | Real Estate |
| Equinix (EQIX) | $1.86B | Real Estate |
| Digital Realty Trust (DLR) | $1.73B | Real Estate |
Frequently asked questions
Does AvalonBay Communities pay dividends?
Yes, AvalonBay Communities (AVB) pays quarterly dividends of approximately $7.03 per share annually, yielding 3.77%.
What is AvalonBay Communities's dividend yield?
AvalonBay Communities (AVB) has a current dividend yield of 3.77%.
Is AvalonBay Communities's dividend safe?
AvalonBay Communities (AVB) passes 3 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has AvalonBay Communities increased its dividend?
AvalonBay Communities (AVB) has 4 consecutive years of dividend increases.
What is AvalonBay Communities's dividend payout ratio?
AvalonBay Communities (AVB) has a dividend payout ratio of 87.4%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is AvalonBay Communities's dividends paid?
Latest reported dividends paid for AvalonBay Communities (AVB) is $997.96M (period ending March 31, 2026).
How has AvalonBay Communities dividends paid changed year-over-year?
AvalonBay Communities (AVB) dividends paid changed +3.2% year-over-year on the latest annual filing.
What is the long-term growth rate of AvalonBay Communities dividends paid?
AvalonBay Communities (AVB) dividends paid compound annual growth rate is +2.4% over the most recent 5 years available.
When did AvalonBay Communities dividends paid hit its highest annual value?
AvalonBay Communities dividends paid reached its highest annual value of $992.33M in 2025.
What was AvalonBay Communities dividends paid in 2024?
AvalonBay Communities (AVB) dividends paid in 2024 was $961.91M.
What was AvalonBay Communities dividends paid in 2025?
AvalonBay Communities (AVB) dividends paid in 2025 was $992.33M.
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