UMH PROPERTIES, INC. ANNOUNCES DIVIDEND INCREASE

Rhea-AI Summary

UMH Properties, Inc. (NYSE:UMH) announced a 5.3% increase in its quarterly dividend, raising it from $0.19 to $0.20 per share. This increase is part of the company's ongoing commitment to returning value to shareholders. The dividend is set to be paid on March 15, 2022, to shareholders recorded by February 15, 2022, marking an annual dividend rate of $0.80 per share. UMH operates 127 manufactured home communities across several states, showcasing its robust presence in the real estate market.

Positive

• 5.3% increase in quarterly dividend to $0.20 per share
• Annual dividend rate of $0.80 per share enhances shareholder value
• Company operates 127 manufactured home communities, indicating strong real estate presence

Negative

• None.

FREEHOLD, NJ, Jan. 12, 2022 (GLOBE NEWSWIRE) -- On January 12, 2022, the Board of Directors of UMH Properties, Inc. (NYSE:UMH) announced today that its Board of Directors approved a 5.3% increase in the Company’s quarterly common stock dividend, raising it to $0.20 per share from $0.19 per share. The dividend is payable March 15, 2022, to shareholders of record at the close of business on February 15, 2022. This represents an annual dividend rate of $0.80 per share. 

UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 127 manufactured home communities with approximately 24,000 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama and South Carolina. UMH also owns and operates one community in Florida, containing 219 sites, through its joint venture with Nuveen Real Estate.        

Contact: Nelli Madden
732-577-9997

# # # # #

FAQ

What is the new dividend amount for UMH Properties?

The new quarterly dividend amount is $0.20 per share.

When will the dividend for UMH Properties be paid?

The dividend will be paid on March 15, 2022.

What is the record date for the UMH Properties dividend?

The record date for the dividend is February 15, 2022.

What is the annual dividend rate for UMH Properties?

The annual dividend rate is $0.80 per share.