UMH PROPERTIES, INC. DECLARES COMMON AND PREFERRED DIVIDENDS 

Rhea-AI Summary

UMH Properties, Inc. has announced a quarterly cash dividend of $0.205 per share, effective June 15, 2023, to shareholders on record by May 15, 2023. The annual rate for this common stock dividend amounts to $0.82 per share. Additionally, the company declared a quarterly dividend for its Series D Preferred Stock of $0.3984375 per share, also payable on June 15, 2023, with a cumulative annual rate of $1.59375 per share. UMH manages 135 manufactured home communities comprising approximately 25,700 homesites across various states, including New Jersey and Florida.

Positive

• Quarterly cash dividend of $0.205 per share increases shareholder income.
• Steady annual dividend rate of $0.82 per share reflects company confidence.
• Cumulative preferred stock dividend of $0.3984375 per share supports preferred shareholders.

Negative

• None.

FREEHOLD, NJ, April 03, 2023 (GLOBE NEWSWIRE) -- On April 3, 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 June 15, 2023, to shareholders of record at the close of business on May 15, 2023. The Company’s annual dividend rate on its Common Stock is $0.82 per share. 

In addition, on April 3, 2023, the Board of Directors declared a quarterly dividend of $0.3984375 per share for the period from March 1, 2023, through May 31, 2023, on the Company’s 6.375% Series D Cumulative Redeemable Preferred Stock payable June 15, 2023, to shareholders of record at the close of business on May 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 25,700 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 the dividend amount declared by UMH Properties in April 2023?

UMH Properties declared a quarterly cash dividend of $0.205 per share on its common stock.

When will the dividend for UMH Properties be paid?

The dividend will be paid on June 15, 2023.

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

The annual dividend rate for the common stock is $0.82 per share.

What is the dividend rate for UMH Properties' Series D Preferred Stock?

The Series D Preferred Stock has a quarterly dividend of $0.3984375 per share, with a cumulative annual rate of $1.59375 per share.

Who are the shareholders eligible for the UMH dividend?

Shareholders of record at the close of business on May 15, 2023, are eligible for the dividend.