UMH Properties, Inc. Declares Common and Preferred Dividends
UMH Properties, Inc. (NYSE: UMH) announced on July 1, 2020, the declaration of its quarterly cash dividend of $0.18 per share, payable on September 15, 2020, to shareholders of record by August 17, 2020.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
UMH Properties, Inc. (NYSE: UMH) announced on July 1, 2020, the declaration of its quarterly cash dividend of $0.18 per share, payable on September 15, 2020, to shareholders of record by August 17, 2020. The annual dividend rate is set at $0.72 per share. Additionally, the Company declared dividends for its preferred stocks: $0.50 for Series B, $0.421875 for Series C, and $0.3984375 for Series D, all payable on the same date. UMH operates 122 manufactured home communities across multiple states.
Positive
- Quarterly cash dividend of $0.18 per share demonstrates company confidence.
- Preferred stock dividends indicate financial stability for Series B, C, and D.
- Annual dividend rate of $0.72 enhances shareholder income prospects.
Negative
- None.
Details
News Market Reaction – UMH
The recorded move for UMH in the trading session of this news was +0.53%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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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
FAQ
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