FREEHOLD, N.J., Oct. 1 /PRNewswire-FirstCall/ -- Eugene W. Landy, Chairman of the Board of UMH Properties, Inc. (NYSEAmex: UMH) announced that, on October 1, 2010, the Board of Directors declared a quarterly cash dividend of $0.18 per share payable December 15, 2010 to shareholders of record at the close of business November 15, 2010. The Company's annual dividend rate is $0.72 per share.
UMH Properties, Inc., a publicly-owned real estate investment trust, owns and operates thirty manufactured home communities located in New York, New Jersey, Pennsylvania, Ohio and Tennessee. In addition, the Company owns a portfolio of REIT securities. UMH has been in operation since 1968, operating as a public company since 1985.
SOURCE UMH Properties, Inc.