UMH PROPERTIES, INC. DECLARES PREFERRED DIVIDENDS

Rhea-AI Summary

UMH Properties, Inc. (NYSE: UMH) announced a quarterly dividend of $0.3984375 per share, effective for the period from December 1, 2022 to February 28, 2023. This dividend will be paid on March 15, 2023, to shareholders of record as of February 15, 2023. The Series D preferred share dividends are cumulative and paid quarterly, totaling an annual rate of $1.59375 per share. UMH operates 134 manufactured home communities across several states, encompassing approximately 25,600 developed homesites.

Positive

• Quarterly dividend of $0.3984375 per share indicates a commitment to returning value to shareholders.
• Cumulative dividends ensure investors receive consistent income.

Negative

• None.

FREEHOLD, NJ, Jan. 11, 2023 (GLOBE NEWSWIRE) -- On January 11, 2023, the Board of Directors of UMH Properties, Inc. (NYSE:UMH) declared a quarterly dividend of $0.3984375 per share for the period from December 1, 2022 through February 28, 2023, on the Company’s 6.375% Series D Cumulative Redeemable Preferred Stock payable March 15, 2023, to shareholders of record at the close of business on February 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 134 manufactured home communities containing approximately 25,600 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 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?

UMH Properties declared a quarterly dividend of $0.3984375 per share.

When will the dividend be paid?

The dividend will be paid on March 15, 2023.

What is the record date for the dividend?

The record date for the dividend is February 15, 2023.

What is the annual rate for the Series D preferred stock dividends?

The annual rate for the Series D preferred stock dividends is $1.59375 per share.

How many manufactured home communities does UMH manage?

UMH manages 134 manufactured home communities across multiple states.