UMH Properties, Inc. Declares Common And Preferred Dividends
FREEHOLD, N.J., Jan. 16, 2013 /PRNewswire/ -- Eugene W. Landy, Chairman of the Board of UMH Properties, Inc. (NYSE: UMH) announced that, on January 16, 2013, the Board of Directors declared its quarterly cash dividend on the Company's Common Stock of $0.18 per share payable March 15, 2013 to shareholders of record at the close of business February 15, 2013. The Company's annual dividend rate on its Common Stock is $0.72 per share.
Also on January 16, 2013, the Board of Directors declared a quarterly dividend of $0.515625 per share for the period from December 1, 2012 through February 28, 2013, on the Company's 8.25% Series A Cumulative Redeemable Preferred Stock payable March 15, 2013 to shareholders of record at the close of business on February 15, 2013. 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 fifty-seven manufactured home communities with approximately 10,600 developed 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.