UMH PROPERTIES, INC. DECLARES PREFERRED DIVIDENDS

Rhea-AI Summary

UMH Properties, a public equity REIT, declared quarterly dividends on its Series C and Series D preferred stocks, totaling $0.421875 and $0.3984375 per share, respectively. These dividends are for the period from December 1, 2020, to February 28, 2021, and are payable on March 15, 2021. Shareholders must be on record by February 16, 2021. The Series C dividends have an annual rate of $1.6875, while Series D has an annual rate of $1.59375. UMH owns 125 manufactured home communities across multiple states, managing approximately 23,600 developed homesites.

Positive

• Quarterly dividend of $0.421875 per share on Series C, providing steady income for shareholders.
• Quarterly dividend of $0.3984375 per share on Series D, enhancing shareholder confidence.

Negative

• None.

FREEHOLD, NJ, Jan. 13, 2021 (GLOBE NEWSWIRE) -- On January 13, 2021, the Board of Directors declared a quarterly dividend of $0.421875 per share for the period from December 1, 2020 through February 28, 2021, on the Company’s 6.75% Series C Cumulative Redeemable Preferred Stock payable March 15, 2021, to shareholders of record at the close of business on February 16, 2021. Series C preferred share dividends are cumulative and payable quarterly at an annual rate of $1.6875 per share.

Also, on January 13, 2021, the Board of Directors declared a quarterly dividend of $0.3984375 per share for the period from December 1, 2020 through February 28, 2021, on the Company’s 6.375% Series D Cumulative Redeemable Preferred Stock payable March 15, 2021, to shareholders of record at the close of business on February 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 125 manufactured home communities containing approximately 23,600 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan and Alabama. In addition, the Company owns a portfolio of REIT securities.

Contact: Nelli Madden

732-577-9997

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FAQ

What is the dividend amount declared by UMH on January 13, 2021?

UMH declared a quarterly dividend of $0.421875 per share for Series C and $0.3984375 for Series D.

When will the UMH dividends be payable?

The dividends will be payable on March 15, 2021.

What is the record date for UMH's dividend payments?

The record date for the dividend payments is February 16, 2021.

What are the annual rates for UMH's preferred shares?

The annual rate for Series C is $1.6875 per share, and for Series D, it is $1.59375.