UMH PROPERTIES, INC. DECLARES COMMON AND PREFERRED DIVIDENDS

Rhea-AI Summary

On July 1, 2024, UMH Properties declared a quarterly cash dividend of $0.215 per share on its Common Stock, payable on September 16, 2024, to shareholders of record by August 15, 2024. This brings the annual dividend rate to $0.86 per share. Additionally, a quarterly dividend of $0.3984375 per share was declared on the Company's 6.375% Series D Cumulative Redeemable Preferred Stock for the period from June 1, 2024, to August 31, 2024. This preferred dividend is also payable on September 16, 2024. UMH Properties operates 136 manufactured home communities across eleven states and has an ownership interest in two Florida communities through a joint venture with Nuveen Real Estate.

Positive

• Quarterly dividend of $0.215 per share on Common Stock enhances shareholder income.
• Series D Preferred Stock provides a stable quarterly dividend of $0.3984375 per share.
• Annual dividend rate for Common Stock maintained at $0.86 per share.

Negative

• Quarterly dividend payments could impact cash reserves.

FREEHOLD, NJ, July 01, 2024 (GLOBE NEWSWIRE) -- On July 1, 2024, the Board of Directors of UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) declared its quarterly cash dividend on the Company’s Common Stock of $0.215 per share payable September 16, 2024, to shareholders of record at the close of business on August 15, 2024. The Company’s annual dividend rate on its Common Stock is $0.86 per share.

Also, on July 1, 2024, the Board of Directors declared a quarterly dividend of $0.3984375 per share for the period from June 1, 2024, through August 31, 2024, on the Company’s 6.375% Series D Cumulative Redeemable Preferred Stock payable September 16, 2024, to shareholders of record at the close of business on August 15, 2024. 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 136 manufactured home communities containing approximately 25,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina and Georgia. UMH also has an ownership interest in and operates two communities in Florida, containing 363 sites, through its joint venture with Nuveen Real Estate.

Contact:
Nelli Madden
732-577-9997

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FAQ

What is the quarterly dividend amount declared by UMH Properties on its Common Stock in 2024?

UMH Properties declared a quarterly dividend of $0.215 per share on its Common Stock.

When is the dividend payment date for UMH Properties' Common Stock?

The dividend payment date for UMH Properties' Common Stock is September 16, 2024.

What is the annual dividend rate for UMH Properties' Common Stock in 2024?

The annual dividend rate for UMH Properties' Common Stock is $0.86 per share.

What is the quarterly dividend amount for UMH Properties' Series D Preferred Stock in 2024?

The quarterly dividend amount for UMH Properties' Series D Preferred Stock is $0.3984375 per share.

What is the annual dividend rate for UMH Properties' Series D Preferred Stock?

The annual dividend rate for UMH Properties' Series D Preferred Stock is $1.59375 per share.

When must shareholders be on record to receive the dividend payment?

Shareholders must be on record by August 15, 2024, to receive the dividend payment.

How many manufactured home communities does UMH Properties operate?

UMH Properties operates 136 manufactured home communities.

In which states does UMH Properties own and operate manufactured home communities?

UMH Properties owns and operates communities in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, and Georgia.