UMH PROPERTIES, INC. DECLARES COMMON AND PREFERRED DIVIDENDS
On July 1, 2024, UMH Properties declared a quarterly cash dividend of $0.215 per share on its Common Stock, payable on September 16, 2024, to shareholders of record by August 15, 2024.
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Rhea-AI Summary
On July 1, 2024, UMH Properties declared a quarterly cash dividend of $0.215 per share on its Common Stock, payable on September 16, 2024, to shareholders of record by August 15, 2024. This brings the annual dividend rate to $0.86 per share. Additionally, a quarterly dividend of $0.3984375 per share was declared on the Company's 6.375% Series D Cumulative Redeemable Preferred Stock for the period from June 1, 2024, to August 31, 2024. This preferred dividend is also payable on September 16, 2024. UMH Properties operates 136 manufactured home communities across eleven states and has an ownership interest in two Florida communities through a joint venture with Nuveen Real Estate.
Positive
- Quarterly dividend of $0.215 per share on Common Stock enhances shareholder income.
- Series D Preferred Stock provides a stable quarterly dividend of $0.3984375 per share.
- Annual dividend rate for Common Stock maintained at $0.86 per share.
Negative
- Quarterly dividend payments could impact cash reserves.
Details
News Market Reaction – UMH
The recorded move for UMH in the trading session of this news was +0.50%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FREEHOLD, NJ, July 01, 2024 (GLOBE NEWSWIRE) -- On July 1, 2024, the Board of Directors of UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) declared its quarterly cash dividend on the Company’s Common Stock of
Also, on July 1, 2024, the Board of Directors declared a quarterly dividend of
UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 136 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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