The AvalonBay Communities, Inc’s Board of Directors declared a dividend for the first quarter of 2018 of $1.47 per share on the company's common stock (par value of $0.01 per share). The declared dividend is a 3.5% increase over the Company's prior quarterly dividend of $1.42 per share. The dividend is payable on April 16, 2018 to common stockholders of record as of March 29, 2018.