UMH Properties, Inc. Declares Common and Preferred Dividends
FREEHOLD, N.J., April 17, 2012 /PRNewswire/ -- Eugene W. Landy, Chairman of the Board of UMH Properties, Inc. (NYSE: UMH) announced that, on April 17, 2012, the Board of Directors declared its quarterly cash dividend on the Company's Common Stock of $0.18 per share payable June 15, 2012 to shareholders of record at the close of business May 15, 2012. The Company's annual dividend rate on its Common Stock is $0.72 per share.
Also on April 17, 2012, the Board of Directors declared a quarterly dividend of $0.515625 per share for the period from March 1, 2012 through May 31, 2012, on the Company's 8.25% Series A Cumulative Redeemable Preferred Stock payable June 15, 2012 to shareholders of record at the close of business on May 15, 2012. Series A preferred share dividends are cumulative and payable quarterly at an annual rate of $2.0625 per share.
UMH Properties, Inc., a publicly owned real estate investment trust, owns and operates forty-one manufactured home communities with approximately 9,010 total home sites located in New Jersey, New York, Ohio, Pennsylvania, Tennessee and Indiana. In addition, the Company owns a portfolio of REIT securities.
SOURCE UMH Properties, Inc.