FREEHOLD, N.J., Oct. 4, 2011 /PRNewswire/ -- Eugene W. Landy, Chairman of the Board of UMH Properties, Inc. (NYSE Amex: UMH) announced that, on October 4, 2011, the Board of Directors declared its quarterly cash dividend on the Company's Common Stock of $0.18 per share payable December 15, 2011 to shareholders of record at the close of business November 15, 2011. The Company's annual dividend rate on its Common Stock is $0.72 per share.
Also on October 4, 2011, the Board of Directors declared a quarterly dividend of $0.515625 per share for the period from September 1, 2011 through November 30, 2011, on the Company's 8.25% Series A Cumulative Redeemable Preferred Stock payable December 15, 2011 to shareholders of record at the close of business on November 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.