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

Rhea-AI Summary

The Board of Directors of Urstadt Biddle Properties declared quarterly dividends for both Class A Common Stock and Common Stock, amounting to $0.2375 and $0.2145 per share, respectively. These dividends are payable on July 15, 2022, to shareholders of record on July 1, 2022. This marks the 210th consecutive quarterly dividend since the company's inception in 1969. Additionally, dividends for Series H and Series K Preferred Stock were announced at $0.390625 and $0.3672, payable on July 29, 2022. Urstadt Biddle Properties, a self-administered REIT, operates 77 properties across 5.3 million square feet.

Positive

• Declared dividends of $0.2375 for Class A Common Stock and $0.2145 for Common Stock, enhancing shareholder income.
• Maintained a strong dividend history with 210 consecutive quarterly dividends since 1969.

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 $0.2375 for each share of Class A Common Stock and $0.2145 for each share of Common Stock. The dividends are payable July 15, 2022 to stockholders of record on July 1, 2022. The dividends represent the 210th 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 29, 2022 to stockholders of record on July 15, 2022.

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 209 consecutive quarters of uninterrupted dividends to its shareholders since its inception.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220606005900/en/

John T. Hayes, CFO or Willing Biddle, CEO

Urstadt Biddle Properties Inc.

203-863-8200

Source: Urstadt Biddle Properties Inc.

FAQ

What is the dividend amount for Urstadt Biddle Properties' Class A Common Stock?

The dividend for Class A Common Stock is $0.2375 per share.

When is the dividend payment date for Urstadt Biddle Properties?

The dividends are payable on July 15, 2022, for Class A and Common Stock.

How many consecutive dividends has Urstadt Biddle Properties declared?

Urstadt Biddle Properties has declared 210 consecutive quarterly dividends since 1969.

What are the dividends for the Series H and Series K Preferred Stock?

The dividends for Series H Preferred Stock are $0.390625 and for Series K Preferred Stock are $0.3672.