Urstadt Biddle Properties Inc. Announces Increase in Quarterly Dividend Rate on Common Shares and Class A Common Shares
19 December 2019 - 8:15AM
Business Wire
Announces 26th 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 yesterday, the Board of 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 $0.25 per share and
the quarterly dividend rate declared for the Class A Common stock
was increased to $0.28 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-sixth consecutive
year that the company has increased total dividends to its
shareholders. The Common and Class A Common dividends are payable
January 17, 2020 to stockholders of record on January 3, 2020. The
dividends declared will represent the 200th consecutive quarterly
dividend on common shares declared since the Company began
operating in 1969.
The Board of Directors of the company also declared the regular
quarterly dividends on the Company’s Series H Preferred Stock and
Series K Preferred Stock. The dividends were declared in the amount
of $0.390625 for each share of Series H Preferred Stock and $0.4896
for each share of Series K Preferred Stock. The dividend payable on
the Series K Preferred Stock includes dividends from and including
October 1, 2019, the date of original issue of the Series K
Preferred Stock to, but excluding January 31, 2020. The dividends
are payable January 31, 2020 to stockholders of record on January
17, 2020.
Urstadt Biddle Properties Inc. is a self-administered equity
real estate investment trust which owns or has equity interests in
82 properties containing approximately 5.3 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 199 consecutive quarters
of uninterrupted dividends to its shareholders since its inception
and has raised total dividends to its shareholders for the last 26
consecutive years.
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version on businesswire.com: https://www.businesswire.com/news/home/20191218005739/en/
John T. Hayes, CFO or Willing Biddle, CEO Urstadt Biddle
Properties Inc. 203-863-8200
Urstadt Biddle Properties (NYSE:UBA)
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