American Homes 4 Rent increases quarterly distribution 18% to 26c

AMH declared a dividend of 26c per share on the company’s common shares for 1Q24, an increase of 18% versus the prior quarterly dividend rate of 22c per share. The distribution will be payable in cash on March 28 to shareholders of record on March 15. The Board also declared a per share quarterly distribution on the company’s cumulative redeemable perpetual preferred shares of $0.36719 per share on the 5.875% Series G shares and $0.39063 per share on the 6.250% Series H shares payable in cash on March 28 to shareholders of record on March 15.