UMH PROPERTIES, INC. DECLARES PREFERRED DIVIDENDS

Rhea-AI Summary

UMH Properties, a public equity REIT, declared quarterly dividends on January 12, 2022, for its Series C and Series D cumulative redeemable preferred stocks. The Series C dividend is set at $0.421875 per share, payable on March 15, 2022, to holders recorded by February 15, 2022. The Series D dividend amounts to $0.3984375 per share, also payable on March 15. UMH operates 127 manufactured home communities across various states, comprising around 24,000 homesites.

Positive

• Declared quarterly dividends of $0.421875 (Series C) and $0.3984375 (Series D) per share, reflecting strong cash flow and commitment to shareholders.
• Cumulative dividends ensure regular income for preferred shareholders.
• UMH operates 127 manufactured home communities, indicating a diversified real estate portfolio.

Negative

• None.

FREEHOLD, NJ, Jan. 12, 2022 (GLOBE NEWSWIRE) -- On January 12, 2022, the Board of Directors declared a quarterly dividend of $0.421875 per share for the period from December 1, 2021 through February 28, 2022, on the Company’s 6.75% Series C Cumulative Redeemable Preferred Stock payable March 15, 2022, to shareholders of record at the close of business on February 15, 2022. Series C preferred share dividends are cumulative and payable quarterly at an annual rate of $1.6875 per share.

Also, on January 12, 2022, the Board of Directors declared a quarterly dividend of $0.3984375 per share for the period from December 1, 2021 through February 28, 2022, on the Company’s 6.375% Series D Cumulative Redeemable Preferred Stock payable March 15, 2022, to shareholders of record at the close of business on February 15, 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 127 manufactured home communities with approximately 24,000 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama and South Carolina. UMH also owns and operates one community in Florida, containing 219 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 for UMH's Series C preferred stock?

The dividend for UMH's Series C preferred stock is $0.421875 per share.

When will UMH's Series C and D dividends be paid?

Both dividends will be paid on March 15, 2022.

What is the record date for the dividends declared by UMH?

The record date for the dividends is February 15, 2022.

How many manufactured home communities does UMH operate?

UMH operates 127 manufactured home communities.