UMH PROPERTIES, INC. DECLARES COMMON AND PREFERRED DIVIDENDS

Rhea-AI Summary

UMH Properties, a public equity REIT, has announced its quarterly dividend declarations. The Board of Directors declared a quarterly cash dividend of $0.215 per share on the Company's Common Stock, payable on December 16, 2024, to shareholders of record as of November 15, 2024. This sets the annual dividend rate at $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 September 1, 2024, through November 30, 2024, also payable on December 16, 2024, to shareholders of record as of November 15, 2024. The Series D preferred share dividends are cumulative and payable quarterly at an annual rate of $1.59375 per share.

UMH Properties, established in 1968, currently owns and operates 136 manufactured home communities with approximately 25,800 developed homesites across multiple states. The company also has a joint venture interest in two Florida communities.

Positive

• Consistent quarterly dividend payments for both common and preferred stockholders
• Extensive portfolio of 136 manufactured home communities with 25,800 developed homesites
• Geographic diversification across multiple states
• Joint venture partnership with Nuveen Real Estate for Florida properties

Negative

• None.

FREEHOLD, NJ, Oct. 01, 2024 (GLOBE NEWSWIRE) -- On October 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 December 16, 2024, to shareholders of record at the close of business on November 15, 2024. The Company’s annual dividend rate on its Common Stock is $0.86 per share.

Also, on October 1, 2024, the Board of Directors declared a quarterly dividend of $0.3984375 per share for the period from September 1, 2024, through November 30, 2024, on the Company’s 6.375% Series D Cumulative Redeemable Preferred Stock payable December 16, 2024, to shareholders of record at the close of business on November 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 UMH Properties' quarterly dividend for common stock in 2024?

UMH Properties declared a quarterly cash dividend of $0.215 per share on its Common Stock, payable on December 16, 2024, to shareholders of record as of November 15, 2024.

What is UMH Properties' annual dividend rate for common stock in 2024?

UMH Properties' annual dividend rate on its Common Stock is $0.86 per share for 2024.

What is the dividend for UMH Properties' Series D Preferred Stock in Q4 2024?

UMH Properties declared a quarterly dividend of $0.3984375 per share on its 6.375% Series D Cumulative Redeemable Preferred Stock for the period from September 1, 2024, through November 30, 2024.

How many manufactured home communities does UMH Properties own as of October 2024?

As of October 2024, UMH Properties owns and operates 136 manufactured home communities containing approximately 25,800 developed homesites.

In which states does UMH Properties operate its manufactured home communities?

UMH Properties operates manufactured home communities in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Georgia, and has a joint venture interest in Florida.