FREEHOLD, N.J., Oct. 3 /PRNewswire-FirstCall/ -- Samuel A. Landy,
President of UMH Properties, Inc. (Amex: UMH) announced that, on October 3,
2006, the Board of Directors raised its quarterly dividend from $0.2450 per
share to $0.25 per share. The $0.25 per share quarterly dividend is payable
December 15, 2006 to shareholders of record November 15, 2006. The Company's
new annual dividend rate is $1.00 per share.
UMH Properties, Inc., a publicly-owned real estate investment trust, owns
and operates twenty-eight manufactured home communities located in New York,
New Jersey, Pennsylvania, Ohio and Tennessee. In addition, the Company owns
a portfolio of REIT securities. UMH has been in operation since 1968,
operating as a public company since 1985.
SOURCE UMH Properties, Inc.
Contact: Rosemarie Faccone or Susan Jordan, +1-732-577-9997, both for UMH Properties, Inc.