AvalonBay announces 3.8% increase to quarterly dividend to $1.65 per share

The company’s Board of Directors declared a dividend for the first quarter of 2023 of $1.65 per share on the company’s common stock. The declared dividend is a 3.8% increase over the company’s prior quarterly dividend of $1.59 per share. The dividend is payable on April 17, 2023 to common stockholders of record as of March 31, 2023.