FREEHOLD, N.J., July 1, 2013 /PRNewswire/ -- On July 1, 2013, 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 September 16, 2013
to shareholders of record at the close of business August 15, 2013. The Company's annual
dividend rate on its Common Stock is $0.72 per share.
Also on July 1, 2013, the Board of
Directors declared a quarterly dividend of $0.515625 per share for the period from
June 1, 2013 through August 31, 2013, on the Company's 8.25% Series A
Cumulative Redeemable Preferred Stock payable September 16, 2013 to shareholders of record at
the close of business on August 15,
2013. Series A preferred share dividends are cumulative and
payable quarterly at an annual rate of $2.0625 per share.
UMH, which was organized in 1968, is a public equity REIT that
owns and operates sixty-eight manufactured home communities
containing approximately 12,800 developed home sites. These
communities are located in New
Jersey, New York,
Ohio, Pennsylvania, Tennessee, Indiana and Michigan. In addition, the
Company owns a portfolio of REIT securities.
SOURCE UMH Properties, Inc.