UMH Properties, Inc. Declares Common and Preferred Dividends
FREEHOLD, N.J., April 8, 2013 /PRNewswire/ -- Eugene W. Landy, Chairman of the Board of UMH Properties, Inc. (NYSE: UMH) announced that, on April 8, 2013, the Board of Directors declared its quarterly cash dividend on the Company's Common Stock of $0.18 per share payable June 17, 2013 to shareholders of record at the close of business May 15, 2013. The Company's annual dividend rate on its Common Stock is $0.72 per share.
Also on April 8, 2013, the Board of Directors declared a quarterly dividend of $0.515625 per share for the period from March 1, 2013 through May 31, 2013, on the Company's 8.25% Series A Cumulative Redeemable Preferred Stock payable June 17, 2013 to shareholders of record at the close of business on May 15, 2013. Series A preferred share dividends are cumulative and payable quarterly at an annual rate of $2.0625 per share.
UMH, a publicly-owned REIT, owns and operates sixty-eight manufactured home communities containing approximately 12,800 developed home sites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana and Michigan. In addition, the Company owns a portfolio of REIT securities.
SOURCE UMH Properties, Inc.