Urstadt Biddle Properties Inc. Announces Quarterly Dividends on Class A Common and Common Shares

Rhea-AI Summary

Urstadt Biddle Properties Inc. announced quarterly dividends for its Class A and Common Stocks, set at $0.14 and $0.125 per share, respectively. Shareholders of record as of April 1, 2021, will receive the dividends on April 16, 2021. This marks the company's 205th consecutive quarterly dividend since its inception in 1969. Additionally, dividends for Series H and K Preferred Stocks were declared, amounting to $0.390625 and $0.3672 per share, payable on April 30, 2021, to stockholders of record on April 16, 2021.

Positive

• Continuation of a strong dividend policy with $0.14 and $0.125 per share for Class A and Common Stocks, respectively.
• Maintains a record of 205 consecutive quarterly dividends since 1969.

Negative

• None.

At their regular meeting yesterday, the Board of Directors of Urstadt Biddle Properties Inc. (NYSE: UBA and UBP) declared quarterly dividends on the Company’s Class A Common Stock and Common Stock. The dividends were declared in the amounts of $0.14 for each share of Class A Common Stock and $0.125 for each share of Common Stock. The dividends are payable April 16, 2021 to stockholders of record on April 1, 2021. See the Company’s earnings press release, issued March 11, 2021, for a more detailed discussion of these dividends. The dividends represent the 205th consecutive quarterly dividend on common shares declared since the Company began operating in 1969.

The Board of Directors also declared the regular quarterly dividends on the Company’s Series H Preferred Stock and Series K Preferred Stock. The dividends were declared in the amount of $0.390625 for each share of Series H Preferred Stock and $0.3672 for each share of the Series K Preferred Stock. The dividends are payable April 30, 2021 to stockholders of record on April 16, 2021.

Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust which owns or has equity interests in 81 properties containing approximately 5.2 million square feet of space. Listed on the New York Stock Exchange since 1970, it provides investors with a means of participating in ownership of income-producing properties. It has paid 204 consecutive quarters of uninterrupted dividends to its shareholders since its inception.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210318005846/en/

FAQ

What is the dividend amount declared by Urstadt Biddle Properties Inc. for Class A and Common Stocks?

Urstadt Biddle Properties Inc. declared dividends of $0.14 for Class A Common Stock and $0.125 for Common Stock.

When are the dividends payable for Urstadt Biddle Properties Inc.?

The dividends are payable on April 16, 2021, for stocks held as of April 1, 2021.

How many consecutive quarterly dividends has Urstadt Biddle Properties Inc. declared?

Urstadt Biddle Properties Inc. has declared 205 consecutive quarterly dividends since it began operating.

What are the dividend amounts for Urstadt Biddle's Series H and K Preferred Stocks?

The dividends for Series H Preferred Stock are $0.390625 per share, and for Series K Preferred Stock, they are $0.3672 per share.

When will the dividends for Series H and K Preferred Stocks be paid?

The dividends for Series H and K Preferred Stocks will be paid on April 30, 2021, to stockholders of record on April 16, 2021.