UMH PROPERTIES, INC. ANNOUNCES DIVIDEND INCREASE
UMH Properties, Inc. announced a 6% increase in its quarterly common stock dividend, raising it from $0.18 to $0.19 per share.
Sentiment and the balance of points
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Rhea-AI Summary
UMH Properties, Inc. announced a 6% increase in its quarterly common stock dividend, raising it from $0.18 to $0.19 per share. The dividend will be payable on March 15, 2021, to shareholders recorded by February 16, 2021. This adjustment reflects an annual dividend rate of $0.76 per share. The company operates 125 manufactured home communities across several states, with approximately 23,600 developed homesites.
Positive
- Quarterly dividend increased by 6%, boosting shareholder income.
- Annual dividend rate now at $0.76 per share, enhancing investor confidence.
Negative
- None.
Details
News Market Reaction – UMH
The recorded move for UMH in the trading session of this news was +2.37%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FREEHOLD, NJ, Jan. 13, 2021 (GLOBE NEWSWIRE) -- On January 13, 2021, UMH Properties, Inc. (NYSE:UMH) announced today that its Board of Directors approved a
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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