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UMH Properties, Inc. Declares Common and Preferred Dividends
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(Low)
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dividends
FREEHOLD, NJ, July 01, 2020 (GLOBE NEWSWIRE) -- On July 1, 2020, the Board of Directors of UMH Properties, Inc. (NYSE:UMH) declared its quarterly cash dividend on the Company’s Common Stock of $0.18 per share payable September 15, 2020, to shareholders of record at the close of business on August 17, 2020. The Company’s annual dividend rate on its Common Stock is $0.72 per share.
Also, on July 1, 2020, the Board of Directors declared a quarterly dividend of $0.50 per share for the period from June 1, 2020 through August 31, 2020, on the Company’s 8.0% Series B Cumulative Redeemable Preferred Stock payable September 15, 2020, to shareholders of record at the close of business on August 17, 2020. Series B preferred share dividends are cumulative and payable quarterly at an annual rate of $2.00 per share.
In addition, on July 1, 2020, the Board of Directors declared a quarterly dividend of $0.421875 per share for the period from June 1, 2020 through August 31, 2020, on the Company’s 6.75% Series C Cumulative Redeemable Preferred Stock payable September 15, 2020, to shareholders of record at the close of business on August 17, 2020. Series C preferred share dividends are cumulative and payable quarterly at an annual rate of $1.6875 per share.
Furthermore, on July 1, 2020, the Board of Directors declared a quarterly dividend of $0.3984375 per share for the period from June 1, 2020 through August 31, 2020, on the Company’s 6.375% Series D Cumulative Redeemable Preferred Stock payable September 15, 2020, to shareholders of record at the close of business on August 17, 2020. 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 122 manufactured home communities containing approximately 23,100 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland. In addition, the Company owns a portfolio of REIT securities.
Contact: Nelli Madden 732-577-9997
UMH PROPERTIES, INC. Juniper Business Plaza 3499 Route 9 North, Suite 3-C Freehold, NJ 07728 (732) 577-9997 Fax: (732) 577-9980
umh properties, inc., (umh) is a real estate investment trust (reit) that owns and operates manufactured home communities in seven states throughout the northeast. these states include new jersey, new york, ohio, pennsylvania, tennessee, indiana and michigan. manufactured home communities provide long-term appreciation, recession resistant qualities, and stable income streams. umh has been in business since 1968, operating as a public company since 1985. we own a portfolio of 74 manufactured home communities, housing approximately 13,400 home sites. umh has a subsidiary, umh sales and finance, which sells manufactured homes into its communities. if you are looking to purchase a new home in one of our communities, please visit the umh sales and finance site by clicking this link: www.umhhomesales.com. we encourage you to visit our investors website ir.umh.com where you will find our most recent annual report, letter to shareholders, and sec filings. our website also includes our d