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) announced quarterly dividends of $0.23 for Class A Common Stock and $0.207 for Common Stock, payable on October 15, 2021, to stockholders of record on October 1, 2021. This marks the 207th consecutive quarterly dividend since 1969. Additionally, dividends for Series H and Series K Preferred Stock are set at $0.390625 and $0.3672, payable on October 29, 2021, to stockholders of record on October 15, 2021.

Positive

• 207 consecutive quarterly dividends indicate strong financial stability.
• Class A Common Stock dividend of $0.23 and Common Stock dividend of $0.207 enhance shareholder income.

Negative

• None.

GREENWICH, Conn.--(BUSINESS WIRE)--

At their regular meeting on Thursday, 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 $0.23 for each share of Class A Common Stock and $0.207 for each share of Common Stock. The dividends are payable October 15, 2021 to stockholders of record on October 1, 2021. See the Company’s earnings press release, issued September 8, 2021, for a more detailed discussion of these dividends. The dividends represent the 207th 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 October 29, 2021 to stockholders of record on October 15, 2021.

Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust which owns or has equity interests in 79 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 206 consecutive quarters of uninterrupted dividends to its shareholders since its inception.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210908005920/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 dividends declared by Urstadt Biddle Properties in October 2021?

Urstadt Biddle Properties declared dividends of $0.23 for Class A Common Stock and $0.207 for Common Stock, payable on October 15, 2021.

When will Urstadt Biddle Properties pay dividends for preferred stocks?

Dividends for Series H Preferred Stock and Series K Preferred Stock will be paid on October 29, 2021.

How many consecutive quarters has Urstadt Biddle Properties paid dividends?

Urstadt Biddle Properties has paid dividends for 207 consecutive quarters since its inception in 1969.

What is the dividend amount for Series H Preferred Stock?

The dividend amount for Series H Preferred Stock is $0.390625 per share.

What is the dividend amount for Series K Preferred Stock?

The dividend amount for Series K Preferred Stock is $0.3672 per share.