Urstadt Biddle Properties Inc. Announces Increase in Quarterly Dividend Rate on Common Shares and Class A Common Shares
December 18 2015 - 4:26PM
Business Wire
Announces 22nd 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 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 $0.23 per share and the quarterly dividend
rate declared for the Class A Common stock was increased to $0.26
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-second consecutive year that the company has
increased total dividends to its shareholders. The Common and Class
A Common dividends are payable January 15, 2016 to stockholders of
record on January 5, 2016. The dividends declared will represent
the 184th consecutive quarterly dividend on common shares declared
since the Company began operating in 1969.
The Directors of the company also declared the regular quarterly
dividends on the Company’s Series F Preferred Stock and Series G
Preferred Stock. The dividends were declared in the amount of
$0.4453125 for each share of Series F Preferred Stock and $0.421875
for each share of Series G Preferred Stock. The dividends are
payable January 29, 2016 to stockholders of record on January 15,
2016.
Urstadt Biddle Properties Inc. is a self-administered equity
real estate investment trust which owns or has equity interests in
74 properties containing approximately 4.9 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 183 consecutive quarters
of uninterrupted dividends to its shareholders since its inception
and has raised total dividends to its shareholders for the last 22
consecutive years.
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Urstadt Biddle Properties Inc.John T. Hayes, CFO or Willing
Biddle, CEO203-863-8200
Urstadt Biddle Properties (NYSE:UBA)
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