8-KOther EventsExhibits & Filings

AVALONBAY COMMUNITIES INC 8-K Report, Corporate Update (Dec 18, 2008)

Filed December 18, 2008For Securities:AVB

Summary

AvalonBay Communities, Inc. (AVB) filed an 8-K on December 18, 2008, to report a significant dividend declaration. The company's Board of Directors announced a combined regular and special dividend of $2.70 per share for its common stock. This dividend is scheduled to be paid on January 29, 2009, to shareholders of record as of December 29, 2008. This action indicates the company's continued commitment to returning capital to shareholders, even in the prevailing economic climate. Investors should note that the declaration of a special dividend alongside the regular dividend suggests a potentially strong financial position or a strategic decision to distribute accumulated capital. The specific amount signifies a substantial payout, and the timing relative to the record date and payment date is crucial for investors to manage their holdings to be eligible for this distribution. The attached press release (Exhibit 99.1) provides further details on this important shareholder event.

Key Highlights

  • 1Declaration of a combined regular and special dividend of $2.70 per share.
  • 2Dividend payment date set for January 29, 2009.
  • 3Record date for dividend eligibility is December 29, 2008.
  • 4The dividend applies to the Company's Common Stock.
  • 5Press release detailing the dividend declaration is attached as Exhibit 99.1.

Frequently Asked Questions

AvalonBay Communities, Inc. is paying a combined regular and special dividend of $2.70 per share.

The dividend is scheduled to be paid on January 29, 2009.

Shareholders of record of the Company's Common Stock at the close of business on December 29, 2008, will be eligible to receive the dividend.

A combined regular and special dividend means the company is distributing both its routine dividend payment and an additional, often one-time, extraordinary dividend. This can signal a strong financial performance or a decision to return excess capital to shareholders.