Freehold, New Jersey-based UMH Properties, Inc. (NYSE:UMH) has declared a quarterly dividend of $0.18 a share payable on Dec. 15, 2014 to stockholders on record as of Nov. 17, 2014. The dividend represents $0.72 on an annual basis, and a yield of 7.65 percent, according to watchlistnews.com. UMH closed down -0.11 at $9.49 in trading, Wed., Oct. 1. As MHProNews knows, UMH is a real estate investment trust (REIT) that owns 88 manufactured housing communities in the eastern U. S. comprised of approximately 15,000 homesites. Their most recent acquisitions centered around the Utica formation energy exploration in eastern Ohio and western Pennsylvania and New York. ##

(Photo credit: UMH Properties, Inc.)