Urstadt Biddle Properties Inc. Announces Quarterly Dividends on Class A Common and Common Shares
March 10 2011 - 4:35PM
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 April 15, 2011 to stockholders of record
on April 1, 2011. The dividends were unchanged from the previous
quarterly rates and represent the 165th 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. The
dividends are payable April 29, 2011 to stockholders of record on
April 15, 2011.
Urstadt Biddle Properties Inc. is a self-administered equity
real estate investment trust which owns or has equity interests in
50 properties containing approximately 4.6 million square feet of
space. Listed on the New York Stock Exchange since 1969, it
provides investors with a means of participating in ownership of
income-producing properties. It has paid 165 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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