UMH PROPERTIES, INC. DECLARES COMMON AND PREFERRED DIVIDENDS

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.

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 $0.215 per share payable March 17, 2025, to shareholders of record at the close of business on February 18, 2025. The Company’s annual dividend rate on its Common Stock is $0.86 per share.

Also, on January 7, 2025, the Board of Directors declared a quarterly dividend of $0.3984375 per share for the period from December 1, 2024, through February 28, 2025, on the Company’s 6.375% Series D Cumulative Redeemable Preferred Stock payable March 17, 2025, to shareholders of record at the close of business on February 18, 2025. 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 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

What is UMH's quarterly dividend payment for Q1 2025?

UMH Properties declared a quarterly cash dividend of $0.215 per share on its Common Stock, payable March 17, 2025.

When is the record date for UMH's March 2025 dividend payment?

The record date for both common and preferred stock dividends is February 18, 2025.

What is UMH's annual dividend rate for 2025?

UMH Properties' annual dividend rate on its Common Stock is $0.86 per share.

How many manufactured home communities does UMH own and operate?

UMH owns and operates 139 manufactured home communities containing approximately 26,200 developed homesites.

What is the dividend rate for UMH's Series D Preferred Stock?

The Series D Preferred Stock pays quarterly dividends at an annual rate of $1.59375 per share, with quarterly payments of $0.3984375.

How many rental homes does UMH have in its portfolio?

UMH has 10,300 rental homes within its manufactured home communities.