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8-K - FORM 8-K - UMH PROPERTIES, INC. | umh8kdividend01_1812.htm |
FOR IMMEDIATE RELEASE
January 18, 2012
Contact: Susan M. Jordan
732-577-9997
UMH PROPERTIES, INC. DECLARES COMMON AND PREFERRED DIVIDENDS
FREEHOLD, NJ, January 18, 2012 ...........Eugene W. Landy, Chairman of the Board of UMH Properties, Inc. (NYSE Amex:UMH) announced that, on January 18, 2012, the Board of Directors declared its quarterly cash dividend on the Companys Common Stock of $0.18 per share payable March 15, 2012 to shareholders of record at the close of business February 15, 2012. The Companys 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 Companys 8.25% 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. In addition, the Company owns a portfolio of REIT securities.
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