UMH PROPERTIES, INC. ANNOUNCES DIVIDEND INCREASE

Rhea-AI Summary

UMH Properties, Inc. announced a 6% increase in its quarterly common stock dividend, raising it from $0.18 to $0.19 per share. The dividend will be payable on March 15, 2021, to shareholders recorded by February 16, 2021. This adjustment reflects an annual dividend rate of $0.76 per share. The company operates 125 manufactured home communities across several states, with approximately 23,600 developed homesites.

Positive

• Quarterly dividend increased by 6%, boosting shareholder income.
• Annual dividend rate now at $0.76 per share, enhancing investor confidence.

Negative

• None.

FREEHOLD, NJ, Jan. 13, 2021 (GLOBE NEWSWIRE) -- On January 13, 2021, UMH Properties, Inc. (NYSE:UMH) announced today that its Board of Directors approved a 6% increase in the Company’s quarterly common stock dividend, raising it from $0.18 per share to $0.19 per share. The dividend is payable March 15, 2021, to shareholders of record at the close of business on February 16, 2021. This represents an annual dividend rate of $0.76 per share.

UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 125 manufactured home communities containing approximately 23,600 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan and Alabama. In addition, the Company owns a portfolio of REIT securities.

Contact: Nelli Madden
732-577-9997

# # # # #         

FAQ

What is the new dividend amount for UMH Properties in 2021?

The new dividend amount for UMH Properties is $0.19 per share.

When is the dividend payment date for UMH Properties?

The dividend payment date for UMH Properties is March 15, 2021.

What was the previous dividend amount for UMH Properties before the increase?

The previous dividend amount was $0.18 per share.

What is the annual dividend rate for UMH Properties after the increase?

The annual dividend rate for UMH Properties after the increase is $0.76 per share.

Who qualifies for the UMH Properties dividend payment?

Shareholders of record as of February 16, 2021, qualify for the dividend payment.