UMH PROPERTIES, INC. DECLARES PREFERRED DIVIDEND
UMH Properties (NYSE:UMH) has announced its quarterly dividend declaration for its 6.375% Series D Cumulative Redeemable Preferred Stock.
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Rhea-AI Summary
UMH Properties (NYSE:UMH) has announced its quarterly dividend declaration for its 6.375% Series D Cumulative Redeemable Preferred Stock. The Board of Directors declared a dividend of $0.3984375 per share for March 1, 2025, through May 31, 2025.
The dividend will be paid on June 16, 2025, to shareholders of record as of May 15, 2025. Series D preferred share dividends are cumulative and payable quarterly at an annual rate of $1.59375 per share.
UMH Properties, established in 1968, operates 141 manufactured home communities with approximately 26,500 developed homesites. The portfolio includes 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
- Consistent quarterly dividend payments demonstrate financial stability
- Large portfolio of 141 communities with 26,500 homesites shows significant market presence
- Geographic diversification across 12 states reduces regional risk
- Strategic partnership with Nuveen Real Estate in Florida operations
Negative
- No dividend increase announced for preferred shareholders
- High proportion of rental homes (10,300) may increase operational costs
Details
News Market Reaction – UMH
The recorded move for UMH in the trading session of this news was +0.70%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FREEHOLD, NJ, April 01, 2025 (GLOBE NEWSWIRE) -- On April 1, 2025, the Board of Directors of UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) declared a quarterly dividend of
UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 141 manufactured home communities, containing approximately 26,500 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 141 communities are two communities in Florida, containing 363 sites, that UMH has an ownership interest in and operates through its joint venture with Nuveen Real Estate.
Contact: Nelli Madden
732-577-9997
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