Urstadt Biddle Properties Inc. Announces Quarterly Dividends on Class A Common and Common Shares
16 September 2011 - 6:26AM
Business Wire
At their regular meeting, the Directors of Urstadt Biddle
Properties Inc. (NYSE: UBA and UBP), declared quarterly dividends
on the Company’s Class A Common Stock and Common Stock. The
dividends were declared in the amounts of $0.2450 for each share of
Class A Common Stock and $0.2225 for each share of Common Stock.
The dividends are payable October 21, 2011, to stockholders of
record on October 7, 2011. The dividends were unchanged from the
previous quarterly rates and represent the 167th consecutive
quarterly dividend on common shares declared since the Company
began operating in 1969.
The Directors of UBP also declared the regular quarterly
dividends on the Company’s Series C Preferred Stock, Series D
Preferred Stock and Series E Preferred Stock. The dividends were
declared in the amount of $2.125 for each share of Series C
Preferred Stock, $0.46875 for each share of Series D Preferred
Stock and $0.53125 for each share of Series E Preferred Stock.
Dividends on the Preferred Stock are payable October 31, 2011 to
stockholders of record on October 14, 2011.
Urstadt Biddle Properties Inc. is a self-administered equity
real estate investment trust which owns or has equity interests in
51 properties containing approximately 4.7 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 167 consecutive quarters
of uninterrupted dividends to its shareholders since its inception
and raised its dividend to its shareholders for the last 17
consecutive years.
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