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United Mobile Homes, Inc. Increases Dividend


FREEHOLD, N.J., Jan. 16 /PRNewswire-FirstCall/ -- Samuel A. Landy, President of United Mobile Homes, Inc. (Amex: UMH) announced that, on January 14, 2004, the Board of Directors raised its quarterly dividend from $0.23 per share to $0.2325 per share. The $0.2325 per share quarterly dividend is payable March 15, 2004 to shareholders of record February 17, 2004. The Company's new annual dividend rate is $0.93 per share.

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

SOURCE  United Mobile Homes, Inc.
    -0-                             01/16/2004
    /CONTACT:  Rosemarie Faccone or Susan Jordan, United Mobile Homes, Inc.,

CO:  United Mobile Homes, Inc.
ST:  New Jersey

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1691 01/16/200411:15 EST

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