Eugene W. Landy, Chairman of the Board of UMH Properties, Inc. announced this week that, on the Board of Directors declared its quarterly cash dividend on the Company’s Common Stock of $0.18 per share payable March 15, 2012 to shareholders of record at the close of business February 15, 2012. The Company’s annual dividend rate on its Common Stock is $0.72 per share. Also on January 18, 2012, the Board of Directors declared a quarterly dividend of $0.515625 per share for the period from December 1, 2011 through February 29, 2012, on the Company’s 8.25 percent Series A Cumulative Redeemable Preferred Stock payable March 15, 2012 to shareholders of record at the close of business on February 15, 2012. Series A preferred share dividends are cumulative and payable quarterly at an annual rate of $2.0625 per share. UMH Properties, Inc., a publicly owned REIT, owns and operates forty-one manufactured home communities located in Indiana, New Jersey, New York, Ohio, Pennsylvania, and Tennessee.
(Image Credit: UMH Properties)