UMH Properties, Inc. Announces Quarterly Dividend Updates
UMH Properties, Inc. has recently made headlines with its announcement of dividend payments, showcasing the company's ongoing commitment to its shareholders. The Board of Directors has declared a quarterly cash dividend for the company's Common Stock, set at $0.225 per share. This payout is scheduled for December 15, reflecting the company’s strong performance amidst fluctuating market conditions.
Cash Dividend on Common Stock
The dividend will be paid to shareholders recorded as of November 17. This translates to an annual dividend rate of $0.90 for the Common Stock, highlighting UMH Properties’ focus on providing consistent returns to its investors.
Preferred Stock Dividend Details
In addition to the common stock dividend, the Board has also declared a quarterly dividend for its 6.375% Series D Cumulative Redeemable Preferred Stock, amounting to $0.3984375 per share. This payment is also due on December 15 and covers the period from September 1 to November 30.
Understanding Cumulative Preferred Dividends
The Series D dividends are cumulative, which means that they will accumulate if not paid, reinforcing the security of this investment type. Over time, this culminates in an annual dividend amount of $1.59375 per share for preferred stockholders.
Overview of UMH Properties, Inc.
Founded in 1968, UMH Properties, Inc. operates as a public equity real estate investment trust (REIT). The company prides itself on owning and managing a diverse portfolio of 144 manufactured home communities, totaling around 26,900 developed homesites. Notably, about 10,800 of these sites include rental homes, along with more than 1,000 self-storage units, providing a variety of housing solutions to consumers.
Geographic Reach and Expansion
These communities are strategically located across several states, allowing UMH to tap into various markets and customer bases. The company's operational expertise ensures that its properties are managed efficiently and effectively, further contributing to shareholder value. Moreover, a partnership with Nuveen Real Estate allows UMH to operate additional communities, including sites in Florida and Pennsylvania.
Contact Information
For additional details or inquiries regarding these dividend announcements, shareholders and interested parties can reach out to Nelli Madden at 732-577-9997. This ensures that all stakeholders remain informed and can directly communicate their questions or concerns.
Frequently Asked Questions
What is the dividend announcement for UMH Properties?
UMH Properties has declared a quarterly cash dividend of $0.225 per share for Common Stock and $0.3984375 for Series D Preferred Stock.
When will the dividends be paid out?
The dividends are scheduled for payment on December 15 to shareholders of record as of November 17.
What is the annual dividend rate for Common Stock?
The annual dividend rate for UMH's Common Stock is $0.90 per share.
How does the cumulative preferred stock function?
The cumulative preferred stock accumulates dividends if not paid, ensuring shareholders receive their entitled returns eventually.
Who should I contact for more information?
Shareholders can contact Nelli Madden at 732-577-9997 for further inquiries regarding financial updates or dividends.
