United Mobile Homes, Inc. Increases Dividend

06/21/2002
    FREEHOLD, N.J., June 21 /PRNewswire-FirstCall/ -- Samuel A. Landy,
President of United Mobile Homes, Inc. (Amex: UMH) announced that, on June 20,
2002, the Board of Directors raised its quarterly dividend from $0.2150 per
share to $0.2175 per share.  The $0.2175 per share quarterly dividend is
payable September 16, 2002 to shareholders of record August 15, 2002.  The
Company's new annual dividend rate is $0.87 per share.

    United Mobile Homes, Inc., a publicly-owned real estate investment trust,
owns and operates twenty-five manufactured home communities located in New
York, New Jersey, Pennsylvania, Ohio and Tennessee.  In addition, the Company
owns a portfolio of REIT securities.

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SOURCE  United Mobile Homes, Inc.
    -0-                             06/21/2002
    /CONTACT:  Rosemarie Faccone of United Mobile Homes, +1-732-577-9997/
    (UMH)

CO:  United Mobile Homes, Inc.
ST:  New Jersey
IN:  CST RLT FIN
SU:  DIV



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8351 06/21/200211:02 EDThttp://www.prnewswire.com