UMH PROPERTIES, INC. ANNOUNCES DIVIDEND INCREASE
UMH Properties, Inc. (NYSE:UMH) announced a 5.3% increase in its quarterly dividend, raising it from $0.19 to $0.20 per share.
Sentiment and the balance of points
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Rhea-AI Summary
UMH Properties, Inc. (NYSE:UMH) announced a 5.3% increase in its quarterly dividend, raising it from $0.19 to $0.20 per share. This increase is part of the company's ongoing commitment to returning value to shareholders. The dividend is set to be paid on March 15, 2022, to shareholders recorded by February 15, 2022, marking an annual dividend rate of $0.80 per share. UMH operates 127 manufactured home communities across several states, showcasing its robust presence in the real estate market.
Positive
- 5.3% increase in quarterly dividend to $0.20 per share
- Annual dividend rate of $0.80 per share enhances shareholder value
- Company operates 127 manufactured home communities, indicating strong real estate presence
Negative
- None.
Details
News Market Reaction – UMH
The recorded move for UMH in the trading session of this news was +3.22%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FREEHOLD, NJ, Jan. 12, 2022 (GLOBE NEWSWIRE) -- On January 12, 2022, the Board of Directors of 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 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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