UDR, Inc. Announces Next Quarterly Dividend for Shareholders
UDR, Inc. Announces Quarterly Dividend for Investors
In a significant development for its investors, UDR, Inc. (NYSE: UDR), a prominent player in the multifamily real estate sector, has declared its regular quarterly dividend for the upcoming third quarter. This latest announcement not only highlights UDR's dedication to returning value to its shareholders but also showcases its stability and growth in the competitive real estate market.
Details of the Dividend Payment
The Board of Directors has set a quarterly dividend of $0.425 per share for the common stock, demonstrating UDR's commitment to its investors. This payment is scheduled to be disbursed on October 31, 2024, to all shareholders on record by October 10, 2024. This marks the 208th consecutive quarterly dividend that the company has declared, a testament to its longstanding tradition of providing consistent returns to its stakeholders.
Preferred Stock Dividend Declared
In addition to the common stock dividend, UDR has also announced a dividend for its Series E preferred stock at $0.4602 per share. Similar to the common stock dividend, this preferred dividend will be payable on October 31, 2024, to shareholders of record as of October 10, 2024. This reflects UDR’s ongoing commitment to creating value for all classes of its stockholders.
Understanding UDR, Inc.
UDR, Inc. has firmly established itself as a reliable entity in the real estate investment trust landscape. With operations spanning over 52 years, UDR is included in the S&P 500 and is recognized for managing, buying, selling, and redeveloping multifamily real estate properties across strategic U.S. markets. As of mid-2024, the company boasts an impressive portfolio of 60,126 apartment homes, underscoring its robust presence in the market.
Commitment to Quality and Service
For UDR, delivering quality is not merely a goal; it's part of the company’s mission. UDR emphasizes providing the best standard of service to its residents, ensuring a superior living experience. This commitment is reflected in its ongoing efforts to enhance property management strategies, innovate residential offerings, and prioritize customer satisfaction.
Future Growth Prospects
The future appears bright for UDR as it continues to adapt to the ever-evolving real estate landscape. The company’s focus on redevelopment and acquisition in thriving markets positions it well for continued growth and value creation. Investors can look forward to UDR's strategic initiatives that aim to enhance shareholder value in the coming years.
Frequently Asked Questions
What is the amount of the declared dividend by UDR?
The declared quarterly dividend for UDR's common stock is $0.425 per share.
When will the dividend be paid?
The dividend will be paid on October 31, 2024, to shareholders recorded by October 10, 2024.
What other dividend was announced?
In addition to the common stock dividend, UDR declared a dividend of $0.4602 per share on its Series E preferred stock.
How many consecutive dividends has UDR paid?
UDR has paid 208 consecutive quarterly dividends, reflecting its commitment to shareholder returns.
What is UDR's focus in the real estate market?
UDR focuses on managing, buying, selling, and redeveloping multifamily real estate properties in targeted U.S. markets.
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