In addition, the board declared a quarterly dividend of $0.515625 per share on the company’s 8.25% Series A Cumulative Redeemable Preferred Stock for the quarter Dec. 1, 2015 through Feb. 28, 2016. The dividend is payable March 15, 2016 to shareholders of record as of Feb. 16, 2016.
Also, on Jan. 20, 2016, the board of directors declared an initial dividend of $0.72466 on the company’s 8.0% Series B Cumulative Redeemable Preferred Stock for the period from Oct. 20, 2015 to Feb. 29, 2016. The dividend is payable March 15, 2016 to shareholders of record as of Feb. 16, 2016. These dividends are cumulative and payable quarterly at an annual rate of $2.00 per share.
As MHProNews knows, UMH is a public real estate investment trust (REIT) that owns and operates 98 manufactured home communities (MHCs) comprised of 17,800 developed home sites in seven states east of the Mississippi River. The company also owns a portfolio of REIT securities. ##
(Photo credit: UMH Properties, Inc.)
