UMH Properties, Inc. Declares Quarterly Cash Dividend on Common Stock and Preferred Stock, Payable on March 15, 2017
January 20, 2017 at 05:23 pm EST
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On January 19, 2017 the board of directors of UMH Properties, Inc. declared its quarterly cash dividend on the company's common stock of $0.18 per share payable on March 15, 2017, to shareholders of record at the close of business on February 15, 2017. The company's annual dividend rate on its Common Stock is $0.72 per share.
The board of directors declared a quarterly dividend of $0.515625 per share for the period from December 1, 2016 through February 28, 2017, on the Company's 8.25% Series A Cumulative Redeemable Preferred Stock payable on March 15, 2017, to shareholders of record at the close of business on February 15, 2017. Series A preferred share dividends are cumulative and payable quarterly at an annual rate of $2.0625 per share. In addition, the Board of Directors declared a quarterly dividend of $0.50 per share for the period from December 1, 2016 through February 28, 2017, on the Company's 8.0% Series B Cumulative Redeemable Preferred Stock payable on March 15, 2017, to shareholders of record at the close of business on February 15, 2017. Series B preferred share dividends are cumulative and payable quarterly at an annual rate of $2.00 per share.
UMH Properties, Inc. is a real estate investment trust (REIT). The Companyâs primary business is the ownership and operation of manufactured home communities, leasing manufactured homesites to residents. The Company also leases manufactured homes to residents and, through its wholly owned taxable REIT subsidiary, UMH Sales and Finance, Inc. (S&F), sells and finances the sale of manufactured homes to residents and prospective residents of its communities and for placement on customersâ privately owned land. The Company owns and operates 135 manufactured home communities, including two communities acquired through the Companyâs opportunity zone fund, containing approximately 25,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina and Georgia. In connection with the operation of its communities, the Company also leases homes to prospective tenants.
UMH PROPERTIES, INC. 
