Urstadt Biddle Properties Inc. Announces Increase in Quarterly Dividend Rate on Common Shares and Class A Common Shares
December 14 2017 - 5:14PM
Business Wire
Announces 24th Consecutive Annual Dividend
Increase to Its Shareholders and Raises Annualized Dividend Rate by
$0.02 Per Share on Its Common Shares and Class A Common
Shares
At their regular meeting today, the Directors of Urstadt Biddle
Properties Inc. (NYSE: UBA and UBP) approved an increase in the
quarterly dividend rate declared for its Common stock and Class A
Common stock. The quarterly dividend rate declared for the Common
Stock was increased to $0.24 per share and the quarterly dividend
rate declared for the Class A Common stock was increased to $0.27
per share, which represents an annualized increase of $0.02 per
share for both classes of common stock. The $0.02 dividend increase
represents the twenty-fourth consecutive year that the company has
increased total dividends to its shareholders. The Common and Class
A Common dividends are payable January 19, 2018 to stockholders of
record on January 5, 2018. The dividends declared will represent
the 192nd consecutive quarterly dividend on common shares declared
since the Company began operating in 1969.
The Directors of the company also declared the regular quarterly
dividends on the Company’s Series G Preferred Stock and Series H
Preferred Stock. The dividends were declared in the amount of
$0.421875 for each share of Series G Preferred Stock and $0.390625
for each share of Series H Preferred Stock. The dividends are
payable January 31, 2018 to stockholders of record on January 19,
2018.
Urstadt Biddle Properties Inc. is a self-administered equity
real estate investment trust which owns or has equity interests in
81 properties containing approximately 5.1 million square feet of
space. Listed on the New York Stock Exchange since 1970, it
provides investors with a means of participating in ownership of
income-producing properties. It has paid 191 consecutive quarters
of uninterrupted dividends to its shareholders since its inception
and has raised total dividends to its shareholders for the last 24
consecutive years.
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Urstadt Biddle Properties Inc.John T. Hayes, CFOorWilling
Biddle, CEO203-863-8200
Urstadt Biddle Properties (NYSE:UBP)
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