UDR Announces a 1% Annualized Common Dividend Increase For 2021

Rhea-AI Summary

UDR, Inc. (NYSE: UDR) has declared a quarterly dividend of $0.3625 per share on its common stock, payable on April 30, 2021. This marks the 194th consecutive quarterly dividend payment by the company. Additionally, a quarterly dividend of $0.3925 per share was declared for its Series E preferred stock, also payable on April 30, 2021. The annualized common dividend for 2021 is set at $1.45 per share, representing a 1% increase from 2020's annual dividend of $1.44.

Positive

• Declared quarterly dividend of $0.3625, reinforcing commitment to shareholder returns.
• 1% increase in annualized dividend from 2020, showing confidence in financial stability.
• Continued track record of 194 consecutive quarterly dividends.

Negative

• None.

UDR, Inc. (NYSE: UDR), a leading multifamily real estate investment trust, today announced that its Board of Directors declared a regular quarterly dividend on its common stock for the first quarter of 2021 in the amount of $0.3625 per share, payable in cash, on April 30, 2021 to UDR common stock shareholders of record as of April 9, 2021. The April 30, 2021 dividend will be the 194^th consecutive quarterly dividend paid by the Company on its common stock.

The Company’s annualized 2021 common dividend of $1.45 per share, as previously disclosed in February, represents a 1% increase over the annualized common dividend of $1.44 per share in 2020.

UDR also announced that its Board of Directors declared a regular quarterly dividend on its Series E preferred stock for the first quarter of 2021 in the amount of $0.3925 per share. The preferred dividend is payable on April 30, 2021 to Series E preferred stock shareholders of record as of April 9, 2021.

About UDR, Inc.

UDR, Inc. (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate properties in targeted U.S. markets. As of December 31, 2020, UDR owned or had an ownership position in 52,589 apartment homes including 1,176 homes under development. For over 48 years, UDR has delivered long-term value to shareholders, the best standard of service to residents and the highest quality experience for associates.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210318005853/en/

FAQ

What is the dividend amount declared by UDR for the first quarter of 2021?

UDR declared a dividend of $0.3625 per share on its common stock for Q1 2021.

When will UDR's dividend be paid to shareholders?

The dividend will be payable on April 30, 2021, to shareholders of record as of April 9, 2021.

What is the annualized dividend for UDR in 2021?

The annualized dividend for UDR in 2021 is $1.45 per share.

How does the 2021 dividend compare to the 2020 dividend?

The 2021 dividend represents a 1% increase over the 2020 annualized dividend of $1.44.

What is the dividend for UDR's Series E preferred stock?

UDR declared a quarterly dividend of $0.3925 per share for its Series E preferred stock.