UMH Properties, Inc. Declares Common and Preferred Dividends

Rhea-AI Summary

UMH Properties, Inc. declared a quarterly cash dividend of $0.18 per share on its Common Stock, payable on December 15, 2020, with a record date of November 16, 2020. The annual dividend rate for the Common Stock stands at $0.72 per share.

Additionally, a quarterly dividend of $0.421875 per share was declared for the 6.75% Series C Preferred Stock and $0.3984375 per share for the 6.375% Series D Preferred Stock, both payable on December 15, 2020, also with a record date of November 16, 2020.

Positive

• Quarterly cash dividend of $0.18 per share on Common Stock enhances income for shareholders.
• Annual dividend rate on Common Stock is $0.72 per share, demonstrating company confidence.

Negative

• None.

FREEHOLD, NJ, Oct. 01, 2020 (GLOBE NEWSWIRE) -- On October 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 December 15, 2020, to shareholders of record at the close of business on November 16, 2020. The Company’s annual dividend rate on its Common Stock is $0.72 per share.

Also, on October 1, 2020, the Board of Directors declared a quarterly dividend of $0.421875 per share for the period from September 1, 2020 through November 30, 2020, on the Company’s 6.75% Series C Cumulative Redeemable Preferred Stock payable December 15, 2020, to shareholders of record at the close of business on November 16, 2020. Series C preferred share dividends are cumulative and payable quarterly at an annual rate of $1.6875 per share.

In addition, on October 1, 2020, the Board of Directors declared a quarterly dividend of $0.3984375 per share for the period from September 1, 2020 through November 30, 2020, on the Company’s 6.375% Series D Cumulative Redeemable Preferred Stock payable December 15, 2020, to shareholders of record at the close of business on November 16, 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 124 manufactured home communities containing approximately 23,400 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.

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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 for UMH Properties' Common Stock?

The dividend amount for UMH Properties' Common Stock is $0.18 per share.

When will UMH Properties pay its dividend?

The dividend will be paid on December 15, 2020.

What is the record date for the dividend payment by UMH Properties?

The record date for the dividend payment is November 16, 2020.

What dividends were declared for UMH Properties' preferred stocks?

A dividend of $0.421875 per share for Series C and $0.3984375 per share for Series D were declared.

How often does UMH Properties pay dividends?

UMH Properties pays dividends quarterly.