UMH PROPERTIES, INC. DECLARES COMMON AND PREFERRED DIVIDENDS
UMH Properties, Inc. has announced a quarterly cash dividend of $0.205 per share, effective June 15, 2023, to shareholders on record by May 15, 2023.
Sentiment and the balance of points
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Rhea-AI Summary
UMH Properties, Inc. has announced a quarterly cash dividend of $0.205 per share, effective June 15, 2023, to shareholders on record by May 15, 2023. The annual rate for this common stock dividend amounts to $0.82 per share. Additionally, the company declared a quarterly dividend for its Series D Preferred Stock of $0.3984375 per share, also payable on June 15, 2023, with a cumulative annual rate of $1.59375 per share. UMH manages 135 manufactured home communities comprising approximately 25,700 homesites across various states, including New Jersey and Florida.
Positive
- Quarterly cash dividend of $0.205 per share increases shareholder income.
- Steady annual dividend rate of $0.82 per share reflects company confidence.
- Cumulative preferred stock dividend of $0.3984375 per share supports preferred shareholders.
Negative
- None.
Details
News Market Reaction – UMH
The recorded move for UMH in the trading session of this news was +1.15%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FREEHOLD, NJ, April 03, 2023 (GLOBE NEWSWIRE) -- On April 3, 2023, the Board of Directors of UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) declared its quarterly cash dividend on the Company’s Common Stock of
In addition, on April 3, 2023, 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 135 manufactured home communities containing approximately 25,700 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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