UMH PROPERTIES, INC. DECLARES COMMON AND PREFERRED DIVIDENDS

Rhea-AI Summary

UMH Properties, Inc. (NYSE:UMH) declared a quarterly cash dividend of $0.20 per share on its Common Stock, payable on June 15, 2022, to shareholders on record by May 16, 2022. The annual dividend rate stands at $0.80 per share. Furthermore, the Board announced dividends for its Series C and Series D Cumulative Redeemable Preferred Stocks, amounting to $0.421875 and $0.3984375 per share, respectively, also payable on June 15, 2022. UMH operates 128 manufactured home communities with around 24,100 homesites across multiple states.

Positive

• Declared a cash dividend of $0.20 per share, reflecting a commitment to returning income to shareholders.
• Annual dividend rate set at $0.80 per share, signaling stability and shareholder confidence.
• Dividend payments from preferred stocks (Series C and D) provide additional income streams.

Negative

• None.

FREEHOLD, NJ, April 01, 2022 (GLOBE NEWSWIRE) -- On April 1, 2022, the Board of Directors of UMH Properties, Inc. (NYSE:UMH) declared its quarterly cash dividend on the Company’s Common Stock of $0.20 per share payable June 15, 2022, to shareholders of record at the close of business on May 16, 2022. The Company’s annual dividend rate on its Common Stock is $0.80 per share. 

Also, on April 1, 2022, the Board of Directors declared a quarterly dividend of $0.421875 per share for the period from March 1, 2022 through May 31, 2022, on the Company’s 6.75% Series C Cumulative Redeemable Preferred Stock payable June 15, 2022, to shareholders of record at the close of business on May 16, 2022. Series C preferred share dividends are cumulative and payable quarterly at an annual rate of $1.6875 per share. 

In addition, on April 1, 2022, the Board of Directors declared a quarterly dividend of $0.3984375 per share for the period from March 1, 2022 through May 31, 2022, on the Company’s 6.375% Series D Cumulative Redeemable Preferred Stock payable June 15, 2022, to shareholders of record at the close of business on May 16, 2022. 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 128 manufactured home communities containing approximately 24,100 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama and South Carolina. UMH also has an ownership interest in and operates one community in Florida, containing 219 sites, through its joint venture with Nuveen Real Estate.                                                

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Contact: Nelli Madden
732-577-9997

        

FAQ

What is the dividend amount declared by UMH in April 2022?

UMH declared a quarterly cash dividend of $0.20 per share on its Common Stock.

When will the dividends be paid to UMH shareholders?

The dividends will be payable on June 15, 2022.

What are the dividend rates for UMH's preferred stocks?

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

What is UMH's annual dividend rate for its Common Stock?

UMH's annual dividend rate for its Common Stock is $0.80 per share.