UMH PROPERTIES, INC. DECLARES COMMON AND PREFERRED DIVIDENDS

Rhea-AI Summary

UMH Properties, Inc. (NYSE:UMH) announced on July 1, 2021, the declaration of its quarterly cash dividend of $0.19 per share, payable on September 15, 2021, to shareholders of record by August 16, 2021. This dividend brings the annual rate to $0.76 per share.

The company also declared dividends for its 6.75% Series C and 6.375% Series D Cumulative Redeemable Preferred Stock, at $0.421875 and $0.3984375 per share respectively, also payable on September 15, 2021. UMH operates 127 manufactured home communities across several states.

Positive

• Quarterly cash dividend of $0.19 per share, reinforcing shareholder income.
• Preferred stock dividends of $0.421875 and $0.3984375 per share enhance income stability.

Negative

• None.

FREEHOLD, NJ, July 01, 2021 (GLOBE NEWSWIRE) -- On July 1, 2021, the Board of Directors of UMH Properties, Inc. (NYSE:UMH) declared its quarterly cash dividend on the Company’s Common Stock of $0.19 per share payable September 15, 2021, to shareholders of record at the close of business on August 16, 2021. The Company’s annual dividend rate on its Common Stock is $0.76 per share.

Also, on July 1, 2021, the Board of Directors declared a quarterly dividend of $0.421875 per share for the period from June 1, 2021 through August 31, 2021, on the Company’s 6.75% Series C Cumulative Redeemable Preferred Stock payable September 15, 2021, to shareholders of record at the close of business on August 16, 2021. Series C preferred share dividends are cumulative and payable quarterly at an annual rate of $1.6875 per share.

In addition, on July 1, 2021, the Board of Directors declared a quarterly dividend of $0.3984375 per share for the period from June 1, 2021 through August 31, 2021, on the Company’s 6.375% Series D Cumulative Redeemable Preferred Stock payable September 15, 2021, to shareholders of record at the close of business on August 16, 2021. 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 127 manufactured home communities with approximately 24,000 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama and South Carolina. In addition, the Company owns a portfolio of REIT securities. 

Contact: Nelli Madden

732-577-9997

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FAQ

When is the next dividend payment for UMH Properties?

The next dividend payment for UMH Properties is scheduled for September 15, 2021.

What is the amount of the cash dividend declared by UMH Properties in July 2021?

The cash dividend declared by UMH Properties in July 2021 is $0.19 per share.

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

The annual dividend rate for UMH Properties' common stock is $0.76 per share.

What are the dividends for UMH Properties' Series C and Series D preferred stocks?

The dividends for UMH Properties' Series C and Series D preferred stocks are $0.421875 and $0.3984375 per share, respectively.