On October 3, 2016, the Board of Directors of UMH Properties, Inc. (NYSE: UMH) declared its quarterly cash dividend on the company’s common stock of $0.18 per share payable December 15, 2016, to shareholders of record at the close of business on November 15, 2016. The company’s annual dividend rate on its common stock is $0.72 per share, according to Yahoo Finance.
Additionally, the board of directors declared a quarterly dividend of $0.515625 per share for the period from September 1, 2016 through November 30, 2016, on the company’s 8.25% Series A Cumulative Redeemable Preferred Stock payable December 15, 2016, to shareholders of record at the close of business on November 15, 2016.
Series A preferred share dividends are cumulative and payable quarterly at an annual rate of $2.0625 per share.
Also announced was a quarterly dividend of $0.50 for the period from September 1, 2016 through November 30, 2016, on the company’s 8.0% Series B Cumulative Redeemable Preferred Stock payable December 15, 2016, to shareholders of record at the close of business on November 15, 2016.
UMH shares were down 0.59% at yesterday’s close, finishing at $11.85. UMH is one of the manufactured home industry-connected stocks tracked every business day by the Daily Business News, with the most recent report, linked here.
A report on UMH’s most recently acquired properties, is linked here.
UMH is a real estate investment trust (REIT) that owns and operates 98 manufactured home communities (MHCs) in seven states east of the Mississippi, composed of 17,800 developed home sites. A detailed report on their 2nd quarter is linked here. ##
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Submitted by RC Williams to the Daily Business News for MHProNews.
