UMH PROPERTIES, INC. DECLARES PREFERRED DIVIDEND

Rhea-AI Summary

UMH Properties, Inc. declares a quarterly dividend of $0.3984375 per share for its Series D Cumulative Redeemable Preferred Stock, payable on June 17, 2024. The company, a public equity REIT established in 1968, owns and manages 135 manufactured home communities across multiple states, with additional joint ventures in Florida.

FREEHOLD, NJ, April 01, 2024 (GLOBE NEWSWIRE) -- On April 1, 2024, the Board of Directors of UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) declared a quarterly dividend of $0.3984375 per share for the period from March 1, 2024, through May 31, 2024, on the Company’s 6.375% Series D Cumulative Redeemable Preferred Stock payable June 17, 2024, to shareholders of record at the close of business on May 15, 2024. 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 25,800 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 dividend was declared by UMH Properties, Inc. for its Series D Cumulative Redeemable Preferred Stock?

UMH Properties, Inc. declared a quarterly dividend of $0.3984375 per share for its Series D Cumulative Redeemable Preferred Stock.

When will the dividend be payable to shareholders?

The dividend will be payable on June 17, 2024, to shareholders of record at the close of business on May 15, 2024.

How many manufactured home communities does UMH Properties, Inc. own and operate?

UMH Properties, Inc. owns and operates 135 manufactured home communities across various states.

In which states are UMH Properties, Inc.'s manufactured home communities located?

UMH Properties, Inc.'s manufactured home communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Georgia, and Florida.

What is UMH Properties, Inc.'s ownership interest in Florida?

UMH Properties, Inc. has an ownership interest in and operates two communities in Florida, containing 363 sites, through its joint venture with Nuveen Real Estate.