Urstadt Biddle Properties Inc. Announces Quarterly Dividends on Class A Common and Common Shares
December 15 2022 - 4:15PM
Business Wire
Raises Annualized Dividend Rate by $0.05 per
Share on its Class A Common Shares and $0.042 per share on its
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 Class A
Common stock and Common stock. The quarterly dividend rate declared
for the Class A Common Stock was increased to $0.25 per share and
the quarterly dividend rate declared for the Common stock was
increased to $0.225 per share, which represents an annualized
increase of $0.05 per share for the Class A Common stock and $0.042
per share for the Common stock. The dividends are payable January
13, 2023 to stockholders of record on January 6, 2023. See the
Company’s earnings press release, issued December 15, 2022, for a
more detailed discussion of these dividends. The dividends
represent the 212th consecutive quarterly dividend on common shares
declared since the Company began operating in 1969.
The Board of Directors 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 $0.3672
for each share of the Series K Preferred Stock. The dividends are
payable January 31, 2023 to stockholders of record on January 13,
2023.
Urstadt Biddle Properties Inc. is a self-administered equity
real estate investment trust which owns or has equity interests in
77 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 211 consecutive quarters
of uninterrupted dividends to its shareholders since its
inception.
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version on businesswire.com: https://www.businesswire.com/news/home/20221215005967/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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