Introducing Dividend Announcements from UMH Properties
UMH Properties, Inc. has made a significant announcement that is sure to interest its investors. Recently, the Board of Directors of UMH Properties, Inc. declared its quarterly cash dividend on the Common Stock. This decision reflects the company’s ongoing commitment to return value to its shareholders.
Details of the Cash Dividend
The declared cash dividend is set at $0.215 per share, which will be payable on March 17 to shareholders who hold shares by the close of business on February 18. This dividend marks an annual rate of $0.86 per share, demonstrating the company’s steady growth and financial health over the years.
Insights into Preferred Share Dividends
In addition to the Common Stock dividend, UMH Properties, Inc. also announced a quarterly dividend for its 6.375% Series D Cumulative Redeemable Preferred Stock. This dividend, amounting to $0.3984375 per share, covers the period from December to February and is also payable on March 17 to shareholders recorded by February 18. The preferred share dividends are cumulative, reinforcing the financial stability of the company.
Understanding UMH Properties, Inc. and Its Operations
Founded in 1968, UMH Properties, Inc. operates as a public equity REIT, managing 139 manufactured home communities across multiple states. These communities feature approximately 26,200 developed homesites, including 10,300 rental homes to provide affordable living options. Additionally, the company oversees over 1,000 self-storage units, ensuring a diverse portfolio that caters to various market needs.
Geographical Presence
UMH's diverse operations are significant, with communities located across New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida, and Georgia. This extensive geographical reach allows the company to capitalize on various opportunities in thriving markets.
Financial Health and Future Outlook
The decision to declare these dividends is a positive indication of UMH Properties, Inc.'s stable financial condition and robust cash flow generation. Regular dividends serve as a testament to the company's growth and commitment to rewarding its shareholders. Investors often closely watch such dividend announcements as they signify management's confidence in the company's future prospects.
Investor Relations and Contact
For those interested in learning more or if you have any queries regarding the company's operations or investment opportunities, please feel free to contact:
Nelli Madden
732-577-9997
Frequently Asked Questions
What are the dividend amounts declared by UMH Properties?
The Board of Directors declared a quarterly cash dividend of $0.215 per share on Common Stock and $0.3984375 per share on Series D Preferred Stock.
When are the dividends payable?
The dividends are payable on March 17, with shareholders needing to be on record by February 18.
What does UMH Properties, Inc. specialize in?
UMH Properties, Inc. specializes in owning and operating manufactured home communities and self-storage facilities.
How many manufactured home communities does UMH operate?
UMH operates 139 manufactured home communities across various states in the U.S.
Who can I contact for more information about UMH Properties?
For more information, you can contact Nelli Madden at 732-577-9997.
