ARLINGTON, Va.--(EON: Enhanced Online News)--AvalonBay Communities, Inc. (NYSE: AVB) announced today that its Board of Directors declared a cash dividend on the Company's Common Stock (par value $0.01 per share) for the third quarter of 2013. The Common Stock dividend is $1.07 per share and is payable October 15, 2013 to all Common Stockholders of Record as of September 30, 2013.
About AvalonBay Communities, Inc.
As of June 30, 2013, the Company owned or held a direct or indirect ownership interest in 273 apartment communities containing 81,499 apartment homes in twelve states and the District of Columbia, of which 27 communities were under construction and six communities were under reconstruction. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in high barrier-to-entry markets of the United States. More information may be found on the Company’s website at http://www.avalonbay.com.