UMH PROPERTIES, INC. DECLARES COMMON AND PREFERRED DIVIDENDS

Rhea-AI Summary

UMH Properties, Inc. declares quarterly cash dividend on Common Stock of $0.205 per share and quarterly dividend of $0.3984375 per share for Series D Cumulative Redeemable Preferred Stock.

Positive

• UMH Properties, Inc. declares dividends on Common Stock and Preferred Stock.

Negative

• None.

FREEHOLD, NJ, Oct. 02, 2023 (GLOBE NEWSWIRE) -- On October 2, 2023, the Board of Directors of UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) declared its quarterly cash dividend on the Company’s Common Stock of $0.205 per share payable December 15, 2023, to shareholders of record at the close of business on November 15, 2023. The Company’s annual dividend rate on its Common Stock is $0.82 per share.

Also, on October 2, 2023, the Board of Directors declared a quarterly dividend of $0.3984375 per share for the period from September 1, 2023, through November 30, 2023, on the Company’s 6.375% Series D Cumulative Redeemable Preferred Stock payable December 15, 2023, to shareholders of record at the close of business on November 15, 2023. 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 135 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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