UMH Properties, Inc. announced quarterly cash dividends for its Common and Series D Preferred Stocks, payable March 17, 2025.
Quiver AI Summary
UMH Properties, Inc. announced a quarterly cash dividend of $0.215 per share on its Common Stock, payable on March 17, 2025, to shareholders recorded by February 18, 2025. The annual dividend rate for the Common Stock totals $0.86 per share. Additionally, the Board declared a quarterly dividend of $0.3984375 per share for its 6.375% Series D Cumulative Redeemable Preferred Stock, also payable on March 17, 2025, to shareholders of record by February 18, 2025. The Series D dividends are cumulative and set at an annual rate of $1.59375 per share. UMH Properties, founded in 1968, operates 139 manufactured home communities across several states, providing approximately 26,200 homesites and over 1,000 self-storage units.
Potential Positives
- UMH Properties, Inc. continues to demonstrate financial stability and commitment to shareholders by declaring a quarterly cash dividend of $0.215 per share.
- The quarterly dividend for the 6.375% Series D Cumulative Redeemable Preferred Stock reflects strong financial performance, indicating sustained investor returns.
- The company maintains a significant annual dividend rate of $0.86 per share, reinforcing investor confidence in its long-term profitability.
- UMH Properties' portfolio of 139 manufactured home communities across multiple states illustrates a diverse and established investment strategy in the real estate market.
Potential Negatives
- The announcement of the quarterly cash dividend may indicate limited liquidity and financial flexibility, as such payments can strain cash resources, particularly if the company faces economic pressures.
- The declaration of dividends, while a positive sign for some investors, may suggest that the company is prioritizing short-term returns over long-term investment in growth or expansion, which could concern investors focused on sustainability.
FAQ
What is the cash dividend declared by UMH Properties, Inc.?
UMH Properties, Inc. declared a quarterly cash dividend of $0.215 per share payable on March 17, 2025.
Who is eligible for the dividend payment?
Shareholders of record at the close of business on February 18, 2025, are eligible for the dividend payment.
What is the annual dividend rate for UMH Properties' common stock?
The annual dividend rate for UMH Properties' Common Stock is $0.86 per share.
What are the terms for the Series D preferred stock dividend?
The Series D preferred stock has a quarterly dividend of $0.3984375 per share, with an annual rate of $1.59375.
How many communities does UMH Properties operate?
UMH Properties operates 139 manufactured home communities across various states, with approximately 26,200 developed homesites.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$UMH Insider Trading Activity
$UMH insiders have traded $UMH stock on the open market 6 times in the past 6 months. Of those trades, 1 have been purchases and 5 have been sales.
Here's a breakdown of recent trading of $UMH stock by insiders over the last 6 months:
- JEFFREY A CARUS purchased 54 shares.
- AMY LYNN BUTEWICZ sold 1,800 shares.
- KIERNAN CONWAY has traded it 2 times. They made 0 purchases and 2 sales, selling 3,745 shares.
- ANGELA D. PRUITT sold 2,800 shares.
- SAMUEL A LANDY (President and CEO) sold 50,000 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$UMH Hedge Fund Activity
We have seen 122 institutional investors add shares of $UMH stock to their portfolio, and 75 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL RESEARCH GLOBAL INVESTORS added 1,795,769 shares (+inf%) to their portfolio in Q3 2024
- BLACKROCK, INC. added 1,426,480 shares (+27.2%) to their portfolio in Q3 2024
- STATE STREET CORP added 863,089 shares (+44.5%) to their portfolio in Q3 2024
- AMERICAN CENTURY COMPANIES INC removed 600,129 shares (-20.5%) from their portfolio in Q3 2024
- BALYASNY ASSET MANAGEMENT L.P. added 534,344 shares (+inf%) to their portfolio in Q3 2024
- MARSHALL WACE, LLP added 495,598 shares (+344.6%) to their portfolio in Q3 2024
- NUVEEN ASSET MANAGEMENT, LLC added 301,035 shares (+32.3%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
FREEHOLD, NJ, Jan. 07, 2025 (GLOBE NEWSWIRE) --
On January 7, 2025, the Board of Directors of UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) declared its quarterly cash dividend on the Company's Common Stock of $0.215 per share payable March 17, 2025, to shareholders of record at the close of business on February 18, 2025. The Company's annual dividend rate on its Common Stock is $0.86 per share.
Also, on January 7, 2025, the Board of Directors declared a quarterly dividend of $0.3984375 per share for the period from December 1, 2024, through February 28, 2025, on the Company's 6.375% Series D Cumulative Redeemable Preferred Stock payable March 17, 2025, to shareholders of record at the close of business on February 18, 2025. Series D preferred share dividends are cumulative and payable quarterly at an annual rate of $1.59375 per share.
UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 139 manufactured home communities containing approximately 26,200 developed homesites, of which 10,300 contain rental homes, and over 1,000 self-storage units. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida and Georgia. Included in the 139 communities are two communities in Florida, containing 363 sites that UMH owns and operates through its joint venture with Nuveen Real Estate.
Contact:
Nelli Madden
732-577-9997
# # # # #