UMH Properties, Inc. Declares Common and Preferred Dividends

Rhea-AI Summary

UMH Properties, Inc. (NYSE: UMH) announced on July 1, 2020, the declaration of its quarterly cash dividend of $0.18 per share, payable on September 15, 2020, to shareholders of record by August 17, 2020. The annual dividend rate is set at $0.72 per share. Additionally, the Company declared dividends for its preferred stocks: $0.50 for Series B, $0.421875 for Series C, and $0.3984375 for Series D, all payable on the same date. UMH operates 122 manufactured home communities across multiple states.

Positive

• Quarterly cash dividend of $0.18 per share demonstrates company confidence.
• Preferred stock dividends indicate financial stability for Series B, C, and D.
• Annual dividend rate of $0.72 enhances shareholder income prospects.

Negative

• None.

FREEHOLD, NJ, July 01, 2020 (GLOBE NEWSWIRE) -- On July 1, 2020, the Board of Directors of UMH Properties, Inc. (NYSE:UMH) declared its quarterly cash dividend on the Company’s Common Stock of $0.18 per share payable September 15, 2020, to shareholders of record at the close of business on August 17, 2020. The Company’s annual dividend rate on its Common Stock is $0.72 per share.

Also, on July 1, 2020, the Board of Directors declared a quarterly dividend of $0.50 per share for the period from June 1, 2020 through August 31, 2020, on the Company’s 8.0% Series B Cumulative Redeemable Preferred Stock payable September 15, 2020, to shareholders of record at the close of business on August 17, 2020. Series B preferred share dividends are cumulative and payable quarterly at an annual rate of $2.00 per share.

In addition, on July 1, 2020, the Board of Directors declared a quarterly dividend of $0.421875 per share for the period from June 1, 2020 through August 31, 2020, on the Company’s 6.75% Series C Cumulative Redeemable Preferred Stock payable September 15, 2020, to shareholders of record at the close of business on August 17, 2020. Series C preferred share dividends are cumulative and payable quarterly at an annual rate of $1.6875 per share.

Furthermore, on July 1, 2020, the Board of Directors declared a quarterly dividend of $0.3984375 per share for the period from June 1, 2020 through August 31, 2020, on the Company’s 6.375% Series D Cumulative Redeemable Preferred Stock payable September 15, 2020, to shareholders of record at the close of business on August 17, 2020. 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 122 manufactured home communities containing approximately 23,100 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland. In addition, the Company owns a portfolio of REIT securities.

Contact: Nelli Madden
732-577-9997

UMH PROPERTIES, INC.
Juniper Business Plaza
3499 Route 9 North, Suite 3-C
Freehold, NJ 07728
(732) 577-9997
Fax: (732) 577-9980
           

 

FAQ

What is the dividend amount declared by UMH for common stock?

UMH declared a quarterly cash dividend of $0.18 per share on July 1, 2020.

When is the dividend payment date for UMH's common stock?

The dividend payment date is September 15, 2020.

What is the dividend amount for UMH's Series B preferred stock?

UMH declared a quarterly dividend of $0.50 per share for Series B preferred stock.

What are the dividend payment details for Series C and D preferred stocks?

Series C is $0.421875 and Series D is $0.3984375 per share, both payable on September 15, 2020.