UMH Properties, Inc. Announces Latest Quarterly Dividend Payouts
Overview of Dividend Declarations by UMH Properties
UMH Properties, Inc. has made significant announcements regarding dividend declarations for its shareholders. The company declared its quarterly cash dividend for Common Stock at a rate of $0.215 per share. This payment is scheduled for December 16, 2024, and will be distributed to shareholders who are on record by November 15, 2024. This reflects an annual dividend rate of $0.86 per share, demonstrating the company's commitment to providing returns to its investors.
Details on Preferred Stock Dividends
In addition to the common stock dividend, UMH Properties also declared a quarterly dividend of $0.3984375 per share for its 6.375% Series D Cumulative Redeemable Preferred Stock. This payment covers the period from September 1, 2024, to November 30, 2024, and is also scheduled for distribution on December 16, 2024. Shareholders of record by November 15, 2024, will benefit from this dividend. The Series D dividends are cumulative, emphasizing their importance in the company’s financing strategy, and reflect an annual payout of $1.59375 per share.
Company Background and Operations
Founded in 1968, UMH Properties, Inc. operates as a public equity Real Estate Investment Trust (REIT). The company possesses and manages a diverse portfolio of 136 manufactured home communities, comprising roughly 25,800 developed homesites. These communities are strategically located across several states, including New Jersey, New York, Ohio, Pennsylvania, and beyond. Additionally, UMH has a stake in two communities in Florida through a joint venture with Nuveen Real Estate, bolstering its presence in the manufactured housing market.
Commitment to Shareholders
UMH Properties, Inc. remains steadfast in its dedication to rewarding shareholders with consistent dividend payments. The recent announcements reassure investors of the company’s strong financial health and its operational capabilities within the real estate sector. With the ongoing demand for housing solutions, particularly in manufactured home communities, the company is well-positioned to enhance its growth and continue offering value to its shareholders.
Contact Information
If you have inquiries or need further details, you can reach out to Nelli Madden at 732-577-9997. The company is committed to keeping its stakeholders informed and engaged.
Frequently Asked Questions
What is the amount of the quarterly dividend for common stock?
The quarterly dividend for common stock is set at $0.215 per share.
When will the dividends be paid?
The dividends are scheduled to be paid on December 16, 2024.
Who qualifies for the dividend payouts?
Shareholders of record by November 15, 2024 will qualify for the dividend payouts.
What is the total annual dividend rate for common stock?
The annual dividend rate for common stock is $0.86 per share.
Does UMH Properties pay dividends on preferred stock?
Yes, UMH Properties pays dividends on its 6.375% Series D Cumulative Redeemable Preferred Stock at an annual rate of $1.59375 per share.
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