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

Rhea-AI Summary

Urstadt Biddle Properties Inc. (NYSE: UBA and UBP) declared quarterly dividends for Class A Common Stock and Common Stock at $0.25 and $0.225 per share, respectively, payable on April 14, 2023, to stockholders of record on April 3, 2023. Additionally, dividends for Series H and K Preferred Stock were declared at $0.390625 and $0.3672 per share, payable on April 28, 2023, to stockholders of record on April 14, 2023. This marks the 213th consecutive quarterly dividend since the company's inception in 1969.

Positive

• Declared dividends indicate strong cash flow management.
• 213 consecutive quarterly dividends highlight commitment to shareholder returns.

Negative

• None.

GREENWICH, Conn.--(BUSINESS WIRE)-- At their regular meeting today, 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 $0.25 for each share of Class A Common Stock and $0.225 for each share of Common Stock. The dividends are payable April 14, 2023 to stockholders of record on April 3, 2023. See the Company’s earnings press release, issued March 10, 2023, for a more detailed discussion of these dividends. The dividends represent the 213th 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 28, 2023 to stockholders of record on April 14, 2023.

Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust which owns or has equity interests in 77 properties containing approximately 5.3 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 212 consecutive quarters of uninterrupted dividends to its shareholders since its inception.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230322005695/en/

John T. Hayes, CFO or Willing Biddle, CEO

Urstadt Biddle Properties Inc.

203-863-8200

Source: Urstadt Biddle Properties Inc.

FAQ

What are the latest dividend amounts declared by UBP for April 2023?

Urstadt Biddle Properties Inc. declared dividends of $0.25 for Class A Common Stock and $0.225 for Common Stock.

When will the dividends be paid to stockholders?

The dividends for Class A Common Stock and Common Stock are payable on April 14, 2023, while those for Series H and K Preferred Stock will be paid on April 28, 2023.

How many consecutive quarterly dividends has UBP paid?

Urstadt Biddle Properties Inc. has paid 213 consecutive quarterly dividends since it began operating in 1969.

What is the record date for the UBP dividends?

The record date for the Class A Common Stock and Common Stock dividends is April 3, 2023, and for the Series H and K Preferred Stock dividends is April 14, 2023.