UMH PROPERTIES, INC. DECLARES COMMON AND PREFERRED DIVIDENDS
UMH Properties (NYSE:UMH) announced on January 7, 2025, that its Board of Directors has declared quarterly dividends for both common and preferred stockholders.
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 (NYSE:UMH) announced on January 7, 2025, that its Board of Directors has declared quarterly dividends for both common and preferred stockholders. The company will pay a quarterly cash dividend of $0.215 per share on its Common Stock, maintaining an annual dividend rate of $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. Both dividends will be payable on March 17, 2025, to shareholders of record as of February 18, 2025.
UMH Properties, established in 1968, operates 139 manufactured home communities with approximately 26,200 developed homesites, including 10,300 rental homes and over 1,000 self-storage units across 12 states. Two communities in Florida, comprising 363 sites, are operated through a joint venture with Nuveen Real Estate.
Positive
- Maintained consistent quarterly dividend payments
- Large portfolio of 139 manufactured home communities with 26,200 homesites
- Diversified revenue streams from rental homes and self-storage units
- Geographic diversification across 12 states
Negative
- None.
Details
News Market Reaction – UMH
The recorded move for UMH in the trading session of this news was +0.27%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FREEHOLD, NJ, Jan. 07, 2025 (GLOBE NEWSWIRE) -- On January 7, 2025, 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 January 7, 2025, 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 139 manufactured home communities containing approximately 26,200 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 139 communities are two communities in Florida, containing 363 sites that UMH owns and operates through its joint venture with Nuveen Real Estate.
Contact:
Nelli Madden
732-577-9997
# # # # #
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.