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

Rhea-AI Summary

Urstadt Biddle Properties Inc. declares quarterly dividends on Class A Common Stock and Common Stock. Dividends of $0.2083 per share for Class A Common Stock and $0.1875 per share for Common Stock. Dividends payable on July 6, 2023, to stockholders of record on June 14, 2023. Also declares regular dividends on Series H Preferred Stock and Series K Preferred Stock. Dividends of $0.390625 per share for Series H Preferred Stock and $0.3672 per share for Series K Preferred Stock. Dividends payable on July 31, 2023, to stockholders of record on July 14, 2023.

Positive

• Urstadt Biddle Properties Inc. declares quarterly dividends on Class A Common Stock and Common Stock. Dividends of $0.2083 per share for Class A Common Stock and $0.1875 per share for Common Stock. Dividends payable on July 6, 2023, to stockholders of record on June 14, 2023. Also declares regular dividends on Series H Preferred Stock and Series K Preferred Stock. Dividends of $0.390625 per share for Series H Preferred Stock and $0.3672 per share for Series K Preferred Stock. Dividends payable on July 31, 2023, to stockholders of record on July 14, 2023.

Negative

• None.

GREENWICH, Conn.--(BUSINESS WIRE)-- At their 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 $0.2083 for each share of Class A Common Stock and $0.1875 for each share of Common Stock. The dividends are payable July 6, 2023 to stockholders of record on June 14, 2023. The dividends represent the 214th 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 July 31, 2023 to stockholders of record on July 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 213 consecutive quarters of uninterrupted dividends to its shareholders since its inception.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230601005966/en/

John T. Hayes, CFO or Willing Biddle, CEO

Urstadt Biddle Properties Inc.

203-863-8200

Source: Urstadt Biddle Properties Inc.

FAQ

What dividends were declared by Urstadt Biddle Properties Inc. on their Class A Common Stock?

Dividends of $0.2083 per share were declared for each share of Class A Common Stock.

What dividends were declared by Urstadt Biddle Properties Inc. on their Common Stock?

Dividends of $0.1875 per share were declared for each share of Common Stock.

When will the dividends be payable?

The dividends will be payable on July 6, 2023, for Class A Common Stock and Common Stock, and on July 31, 2023, for Series H Preferred Stock and Series K Preferred Stock.

Who are the stockholders of record for the dividends?

The stockholders of record for the dividends on Class A Common Stock and Common Stock are those on June 14, 2023. The stockholders of record for the dividends on Series H Preferred Stock and Series K Preferred Stock are those on July 14, 2023.