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Mid-America Apartment Communities Inc. Message Board

  • Sluggo1988 Sluggo1988 Jun 8, 2002 1:00 PM Flag

    Question for Eric Bolton

    I own 3,500 shares of MAA Pfd. A. I understand the dividend is $2.375 per year, paid monthly. This works out to $0.1979166 per month. I have only owned the stock for about 5 months, but I have noticed that the payment my broker credits is only $0.1979 per month. I know the difference only works out to pennies per month, but what if I had 350,000 shares?

    Is the MAA paying only $0.1979 to the broker, or is the broker stiffing me for the difference? Perhaps the difference is made up at some time during the year.

    Any feedback would be appreciated.

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