UMH PROPERTIES, INC. ANNOUNCES DIVIDEND INCREASE
UMH Properties (NYSE:UMH) announced a 4.7% increase in its quarterly common stock dividend to $0.225 per share from $0.215, marking its fifth consecutive annual increase.
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Rhea-AI Summary
UMH Properties (NYSE:UMH) announced a 4.7% increase in its quarterly common stock dividend to $0.225 per share from $0.215, marking its fifth consecutive annual increase. The dividend will be paid on June 16, 2025, to shareholders of record as of May 15, 2025, representing an annual dividend rate of $0.90 per share.
The company operates 141 manufactured home communities with approximately 26,500 developed homesites, including 10,300 rental homes and over 1,000 self-storage units across 12 states. Two communities in Florida, containing 363 sites, are operated through a joint venture with Nuveen Real Estate. Management expects community expansions and new construction to drive future profit growth.
Positive
- Fifth consecutive annual dividend increase of 4.7%
- Revenue growth meeting expectations
- Strong balance sheet supporting potential future acquisitions
- Planned community expansions and new construction to increase profits
Negative
- None.
Details
News Market Reaction – UMH
The recorded move for UMH in the trading session of this news was +0.70%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FREEHOLD, NJ, April 01, 2025 (GLOBE NEWSWIRE) -- On April 1, 2025, UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) announced today that its Board of Directors approved a
Samuel A. Landy, President and Chief Executive Officer, commented, “We are pleased to announce a fifth consecutive annual increase of our common stock dividend. Revenue growth continues to meet our expectations. Over time, we expect our community expansions and new community construction to further increase profits. We are well-positioned for internal growth as well as having a strong balance sheet that makes future acquisitions possible.”
UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 141 manufactured home communities, containing approximately 26,500 developed homesites, of which 10,300 contain rental homes, and over 1,000 self-storage units. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida and Georgia. Included in the 141 communities are two communities in Florida, containing 363 sites, that UMH has an ownership interest in and operates through its joint venture with Nuveen Real Estate.
Contact: Nelli Madden
732-577-9997
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