FREEHOLD, N.J., Jan. 18,
2012 /PRNewswire/ -- 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 Company's Common Stock of $0.18 per share payable March 15, 2012 to shareholders of record at the
close of business February 15,
2012. The Company's 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 Company's 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.
SOURCE UMH Properties, Inc.