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UMH Properties, Inc. Increases Dividend


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.

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