Elme Communities (ELME) has declared a dividend of $14.67 per share, payable to shareholders of record. This marks a significant increase of 8050.0% from the previous dividend of $0.18 per share.
The ex-dividend date is set for January 7, 2026, meaning investors must own shares before this date to receive the dividend. The payment date will occur on January 6, 2026, when eligible shareholders will receive their dividends.
Currently, Elme Communities offers a dividend yield of 338.02%, reflecting the annual dividend income relative to the stock price. The company pays dividends quarterly, providing regular income to its shareholders. This increase in dividend illustrates management's confidence in the company's financial position and commitment to returning capital to its investors.
Elme Communities engages in the ownership and operation of apartment communities, primarily in the Washington, DC metro and Atlanta metro regions. The firm operates approximately 9,400 apartment homes and owns about 300,000 square feet of commercial space. With a market capitalization of $1.5 billion and a trailing twelve-month EPS of -1.53, the company continues to focus on its growth and stability. Upcoming earnings are scheduled for April 29, 2026, and August 3, 2026.
This update provides insight into the company's cash flow generation and capital allocation strategy. Regular dividend payments can attract income-focused investors, though dividends are not guaranteed and may be adjusted based on business performance and management decisions. Investors are encouraged to review the company's dividend history, payout ratio, and overall financial health when evaluating the sustainability of its dividend payments.