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

Rhea-AI Summary

Urstadt Biddle Properties Inc. has raised the annualized dividend rate by $0.03 per share for its Common and Class A Common shares. The new quarterly dividend rates are $0.2145 per Common share and $0.2375 for Class A shares. These dividends will be payable on January 14, 2022, to stockholders of record as of January 5, 2022. This marks the 208th consecutive quarterly dividend declared since the company began operations in 1969. The Board also declared dividends for Series H and K Preferred Stock.

Positive

• Annualized dividend rate increased by $0.03 per share.
• 208 consecutive quarterly dividends since 1969.
• Dividend rates for Class A ($0.2375) and Common shares ($0.2145) reflect strong financial commitment.

Negative

• None.

Raises Annualized Dividend Rate by $0.03 per Share on its Common Shares and Class A Common Shares

GREENWICH, Conn.--(BUSINESS WIRE)-- At their regular meeting yesterday, the Board of Directors of Urstadt Biddle Properties Inc. (NYSE: UBA and UBP) approved an increase in the quarterly dividend rate declared for its Class A Common stock and Common stock. The quarterly dividend rate declared for the Class A Common Stock was increased to $0.2375 per share and the quarterly dividend rate declared for the Common stock was increased to $0.2145 per share, which represents an annualized increase of $0.03 per share for both classes of common stock. The dividends are payable January 14, 2022 to stockholders of record on January 5, 2022. See the Company’s earnings press release, issued December 16, 2021, for a more detailed discussion of these dividends. The dividends represent the 208th 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 January 31, 2022 to stockholders of record on January 14, 2022.

Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust which owns or has equity interests in 78 properties containing approximately 5.1 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 207 consecutive quarters of uninterrupted dividends to its shareholders since its inception.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211216005949/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 new dividend rates for Urstadt Biddle Properties Inc.?

The new quarterly dividend rates are $0.2145 per share for Common stock and $0.2375 for Class A Common stock.

When will the dividends be paid to shareholders?

The dividends are payable on January 14, 2022, to stockholders of record on January 5, 2022.

How many consecutive dividends has Urstadt Biddle Properties declared?

Urstadt Biddle Properties has declared 208 consecutive quarterly dividends since its inception in 1969.

What dividends were declared for preferred stock?

Dividends were declared in the amount of $0.390625 for Series H Preferred Stock and $0.3672 for Series K Preferred Stock.