Additionally, the Company’s 8.25% Series A Cumulative Redeemable Preferred Stock will yield a quarterly dividend of $0.515625 per share, payable Sept. 15, 2016 to shareholders of record as of Aug. 15, 2016. Series A preferred share dividends are payable quarterly at a rate of $2.0625 per share.
On the Company’s 8.0% Series B Cumulative Redeemable Preferred Stock, a quarterly dividend of $0.50 per share has been declared by the board of directors for the period June 1, 2016 through Aug. 31, 2016, payable Sept. 15, 2016 to shareholders of record as of Aug. 15, 2016.
In trading at the end of the day Fri., July 1, UMH finished the week up +4.44 percent at $11.75, as MHProNews recorded in its daily MH-related stock report.
A public REIT (real estate investment trust), UMH owns and operates 98 manufactured home communities comprised of 17,800 developed sites in seven eastern states. It also owns a portfolio of REIT securities. ##
(Photo credit: UMH Properties, Inc.)
