MHProNews has been informed by prnewswire that the board of directors of manufactured home community (MHC) owner and operator UMH Properties, Inc. (NYSE:UMH) declared its quarterly cash dividend of $0.18 per share payable June 15, 2016 to shareholders of record as of May 16, 2016.

Additionally, the board of directors declared a quarterly dividend on its 8.25% Series A Cumulative Redeemable Preferred Stock payable June 15, 2016 of $0.515625 per share to stockholders of record as of May 16,2016. This dividend is for the quarter March 1, 2016 through May 31, 2016.

Also, UMH’s board of directors declared a quarterly dividend of $0.50 per share for its 8.0% Series B Cumulative Redeemable Preferred Stock payable to shareholders of record at the close of business May 16, 2016. Covering the quarter from March 1, 2016 to May 31, 2016, the dividend will be paid June 15, 2016.

A real estate investment trust (REIT), UMH owns and operates 98 manufactured home communities comprised of 17,800 home sites in seven sates. The company also owns a portfolio of REIT securities. ##

(Photo credit: UMH Properties, Inc.)

Article submitted by Matthew J. Silver to Daily Business News-MHProNews.