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United Mobile Homes, Inc. Increases Dividend

07/01/2004

FREEHOLD, N.J., July 1 /PRNewswire-FirstCall/ -- Samuel A. Landy, President of United Mobile Homes, Inc. (Amex: UMH) announced that, on July 1, 2004, the Board of Directors raised its quarterly dividend from $0.2350 per share to $0.2375 per share. The $0.2375 per share quarterly dividend is payable September 15, 2004 to shareholders of record August 16, 2004. The Company's new annual dividend rate is $0.95 per share.

United Mobile Homes, Inc., a publicly-owned real estate investment trust, owns and operates twenty-seven 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-                             07/01/2004
    /CONTACT:  Rosemarie Faccone or Susan Jordan of United Mobile Homes,
+1-732-577-9997/
    (UMH)

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

MR 
-- PHTH025 --
3684 07/01/200412:14 EDThttp://www.prnewswire.com

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