UMH Properties, Inc. Announces Latest Preferred Dividend Updates

UMH Properties, Inc. Announces Latest Preferred Dividend

FREEHOLD, NJ — The Board of Directors of UMH Properties, Inc. (NYSE:UMH) has declared an exciting quarterly dividend of $0.3984375 per share. This dividend covers the period from March to May and is set to pay out on June 16 to shareholders who own shares as of May 15. The Series D preferred shares offer a cumulative dividend, showcasing the company’s commitment to returning value to its investors.

Overview of UMH Properties, Inc.

Established in 1968, UMH Properties, Inc. has developed an impressive portfolio as a public equity real estate investment trust (REIT). The company operates 141 manufactured home communities, providing around 26,500 homesites to its residents. A notable feature is that about 10,300 of these homesites are dedicated to rental homes, allowing flexibility and access to affordable housing.

Growing Portfolio Across Multiple States

UMH Properties is strategically positioned with communities located in a variety of flourishing markets, including New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida, and Georgia. This diverse geographical footprint not only enhances the company's resilience but also increases its potential for growth and profitability.

Joint Ventures and Future Growth

Among its diverse operations, UMH Properties has a joint venture with Nuveen Real Estate, which manages two communities in Florida containing a total of 363 lots. This collaboration exemplifies the company's strategy to enhance its portfolio and improve its investment capabilities while also expanding its operational reach.

Commitment to Shareholders

UMH Properties remains steadfast in its commitment to delivering consistent returns to its shareholders. The company’s cumulative preferred share dividends ensure that investors are not only rewarded for their support but also that their interests align with the company’s growth plans.

Financial Health and Stability

The financial health of UMH Properties, Inc. plays a crucial role in its ability to continue providing dividends. The strategic management of its assets and careful selection of community locations has positioned the company for stability in cash flow generation. This sustainable approach is vital for upholding shareholder trust and securing future financial performance.

Innovative Housing Solutions

The manufactured home communities operated by UMH offer affordable housing solutions in an economic climate that increasingly values cost-effective living options. By providing homes at varied price points, UMH addresses the need for accessible housing in numerous high-demand areas.

Looking Ahead

As UMH Properties navigates the future, it will continue to focus on expanding its portfolio, enhancing community offerings, and ensuring consistent communication with its shareholders. The ability to adapt to market trends and investor needs will be paramount in maintaining its position in the REIT sector.

Frequently Asked Questions

What is the declared dividend for UMH Properties, Inc.?

UMH Properties, Inc. has declared a quarterly dividend of $0.3984375 per share for its Series D preferred stock.

When will the dividend be paid?

The dividend will be payable on June 16 to shareholders on record by May 15.

How many manufactured home communities does UMH operate?

UMH Properties, Inc. operates 141 manufactured home communities across various states.

What is the focus of UMH's real estate strategy?

The focus includes expanding its portfolio while providing affordable housing solutions and increasing shareholder value.

Who can be contacted for more information?

Nelli Madden is the contact person for inquiries, reachable at 732-577-9997.

About The Author

Riley Hayes here, a financial writer and specialist committed to assisting individuals in navigating the intricate world of finance. My love is using my blog and articles to simplify complex financial ideas into understandable, doable guidance. Having worked in finance for many years, I try to give my readers the information and resources they need to make wise financial choices.

Writing for several financial blogs has let me connect with a wide range of readers, from novice investors seeking new ideas to seasoned investors. My mission is to make money interesting and approachable so you may take charge of your financial future. I appreciate you traveling with me toward success and financial literacy.

Contact Riley Hayes privately here. Or send an email with ATTN: Riley Hayes as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.