FREEHOLD, N.J., July 5, 2011 /PRNewswire/ -- Eugene W. Landy, Chairman of the Board of UMH Properties, Inc. (NYSE Amex: UMH) announced that, on July 5, 2011, the Board of Directors declared its quarterly cash dividend on the Company's Common Stock of $0.18 per share payable September 15, 2011 to shareholders of record at the close of business August 15, 2011. The Company's annual dividend rate on its Common Stock is $0.72 per share.
Also on July 5, 2011, the Board of Directors declared a dividend for the period commencing May 26, 2011 and ending August 31, 2011, of $.55 per share on the Company's 8.25% Series A Cumulative Redeemable Preferred Stock payable September 15, 2011 to shareholders of record at the close of business on August 15, 2011. Series A preferred share dividends are cumulative and payable quarterly at an annual rate of $2.0625 per share.
UMH Properties, Inc., a publicly-owned REIT, owns and operates thirty-eight manufactured home communities located in New Jersey, New York, Pennsylvania, Ohio and Tennessee. In addition, the Company owns a portfolio of REIT securities.
SOURCE UMH Properties, Inc.
Contact: Susan M. Jordan, +1-732-577-9997