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 has declared quarterly dividends for both Class A Common Stock and Common Stock, set at $0.2375 and $0.2145 respectively. The payment dates are October 14, 2022 for stockholders recorded by September 30, 2022. Additionally, dividends for Series H and K Preferred Stocks were declared at $0.390625 and $0.3672, payable on October 28, 2022. This marks the 211th consecutive quarterly dividend since the company's inception in 1969.

Positive

• 211 consecutive quarterly dividends declared since 1969
• Dividend amounts: $0.2375 (Class A), $0.2145 (Common), $0.390625 (Series H), $0.3672 (Series K)
• Income-generating properties across 77 locations totaling 5.3 million square feet

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 October 14, 2022 to stockholders of record on September 30, 2022. The dividends represent the 211th 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 28, 2022 to stockholders of record on October 14, 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 210 consecutive quarters of uninterrupted dividends to its shareholders since its inception.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220907006240/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 dividend amounts for Urstadt Biddle Properties Class A and Common Stock?

The dividends are $0.2375 for Class A Common Stock and $0.2145 for Common Stock.

When are the dividends for Urstadt Biddle Properties payable?

The dividends are payable on October 14, 2022 for Class A and Common Stock, and on October 28, 2022 for Series H and K Preferred Stocks.

How long has Urstadt Biddle Properties been paying dividends?

Urstadt Biddle Properties has paid dividends for 211 consecutive quarters since it began operations in 1969.

What is the significance of the recent dividend declaration for investors in UBP and UBA?

The declaration of dividends signifies the company's ongoing financial health and commitment to returning income to shareholders.