UMH PROPERTIES, INC. DECLARES COMMON AND PREFERRED DIVIDENDS

Rhea-AI Summary

UMH Properties has declared a quarterly cash dividend of $0.20 per share on its Common Stock, payable on December 15, 2022, to shareholders of record by November 15, 2022. The annual dividend rate for the Common Stock totals $0.80 per share.

Additionally, a quarterly dividend of $0.3984375 per share has been announced for the Series D Cumulative Redeemable Preferred Stock, also payable on December 15, 2022, with an annual rate of $1.59375 per share.

Positive

• Quarterly cash dividend of $0.20 per share for Common Stock enhances shareholder income.
• Annual dividend rate of $0.80 per share indicates company confidence.

Negative

• None.

FREEHOLD, NJ, Oct. 03, 2022 (GLOBE NEWSWIRE) -- On October 3, 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 December 15, 2022, to shareholders of record at the close of business on November 15, 2022. The Company’s annual dividend rate on its Common Stock is $0.80 per share.

Also, on October 3, 2022, the Board of Directors declared a quarterly dividend of $0.3984375 per share for the period from September 1, 2022 through November 30, 2022, on the Company’s 6.375% Series D Cumulative Redeemable Preferred Stock payable December 15, 2022, to shareholders of record at the close of business on November 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 132 manufactured home communities containing approximately 25,000 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 declared by UMH Properties?

The dividend amount declared by UMH Properties is $0.20 per share for Common Stock.

When will the UMH Properties dividend be paid?

The UMH Properties dividend will be paid on December 15, 2022.

What is the record date for the UMH Properties dividend?

The record date for the UMH Properties dividend is November 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 are the details of the Series D Preferred Stock dividend?

The Series D Cumulative Redeemable Preferred Stock dividend is $0.3984375 per share, payable on December 15, 2022.