MHProNews has learned from prnewswire that the board of directors of UMH Properties, Inc. (NYSE:UMH) has announced its quarterly cash dividend of $0.18 per share on the company’s common stock will be payable Dec. 15, 2015 to shareholders of record as of Nov. 16, 2015. The annual dividend is $0.72.

Additionally, on Oct. 1, 2015 the board issued a statement declaring a quarterly dividend on the Company’s 8.25% Series A Cumulative Redeemable Preferred Stock of $0.515625 per share for the period from September 1, 2015 through November 30, 2015. This dividend is payable Dec. 15, 2015 to shareholders of record at the end of the business day Nov. 16, 2015. The annual rate for the Series A preferred dividends is $2.0625 per share.

UMH is a public real estate investment trust (REIT) that owns and operates 95 manufactured home communities comprised of approximately 16,600 developed home sites in seven states. The company also owns a portfolio of REIT securities. ##

(Image credit: UMH Properties, Inc.)

Article submitted by Matthew J. Silver to Daily business News-MHProNews.