UMH PROPERTIES, INC. DECLARES COMMON AND PREFERRED DIVIDENDS

Rhea-AI Summary

FREEHOLD, NJ, July 1, 2022 - UMH Properties, Inc. (NYSE:UMH) has declared a quarterly cash dividend of $0.20 per share on its Common Stock, payable on September 15, 2022, to shareholders of record by August 15, 2022. This sets the annual dividend rate at $0.80 per share. Furthermore, a quarterly dividend of $0.3984375 per share for the Series D Cumulative Redeemable Preferred Stock is also declared, with similar payment details. UMH operates 130 manufactured home communities across several states, with around 24,400 developed homesites.

Positive

• Quarterly cash dividend of $0.20 per share signifies stable income for shareholders.
• Cumulative dividends for Series D preferred shares provide consistent returns.

Negative

• None

FREEHOLD, NJ, July 01, 2022 (GLOBE NEWSWIRE) -- On July 1, 2022, the Board of Directors of UMH Properties, Inc. (NYSE:UMH) declared its quarterly cash dividend on the Company’s Common Stock of $0.20 per share payable September 15, 2022, to shareholders of record at the close of business on August 15, 2022. The Company’s annual dividend rate on its Common Stock is $0.80 per share.

Also, on July 1, 2022, the Board of Directors declared a quarterly dividend of $0.3984375 per share for the period from June 1, 2022, through August 31, 2022, on the Company’s 6.375% Series D Cumulative Redeemable Preferred Stock payable September 15, 2022, to shareholders of record at the close of business on August 15, 2022. Series D preferred share dividends are cumulative and payable quarterly at an annual rate of $1.59375 per share.

UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 130 manufactured home communities containing approximately 24,400 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama and South Carolina. UMH also has an ownership interest in and operates one community in Florida, containing 219 sites, through its joint venture with Nuveen Real Estate.

Contact: Nelli Madden

732-577-9997

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FAQ

What is the dividend amount for UMH Properties in 2022?

UMH Properties declared a quarterly cash dividend of $0.20 per share in 2022.

When is the dividend payable to UMH shareholders?

The dividend is payable on September 15, 2022, to shareholders of record by August 15, 2022.

What is the annual dividend rate for UMH Properties' Common Stock?

The annual dividend rate for UMH Properties' Common Stock is $0.80 per share.

What is the dividend for Series D Cumulative Redeemable Preferred Stock?

The quarterly dividend for Series D preferred stock is $0.3984375 per share, with an annual rate of $1.59375.