FREEHOLD, N.J., April 6, 2011 /PRNewswire/ -- Eugene W. Landy, Chairman of the Board of UMH Properties, Inc. (NYSE Amex: UMH) announced that, on April 6, 2011, the Board of Directors declared a quarterly cash dividend of $0.18 per share payable June 15, 2011 to shareholders of record at the close of business May 16, 2011. The Company's annual dividend rate is $0.72 per share.
UMH Properties, Inc., a publicly-owned REIT, owns and operates thirty-five manufactured home communities located in New Jersey, New York, Pennsylvania, Ohio and Tennessee. In addition, the Company owns a portfolio of REIT securities.
SOURCE UMH Properties, Inc.