Urstadt Biddle Properties Inc. Announces Quarterly Dividends on Class A Common and Common Shares
December 16 2021 - 4:15PM
Business Wire
Raises Annualized Dividend Rate by $0.03 per
Share on its Common Shares and Class A Common Shares
At their regular meeting yesterday, the Board of Directors of
Urstadt Biddle Properties Inc. (NYSE: UBA and UBP) approved an
increase in the quarterly dividend rate declared for its Class A
Common stock and Common stock. The quarterly dividend rate declared
for the Class A Common Stock was increased to $0.2375 per share and
the quarterly dividend rate declared for the Common stock was
increased to $0.2145 per share, which represents an annualized
increase of $0.03 per share for both classes of common stock. The
dividends are payable January 14, 2022 to stockholders of record on
January 5, 2022. See the Company’s earnings press release, issued
December 16, 2021, for a more detailed discussion of these
dividends. The dividends represent the 208th consecutive quarterly
dividend on common shares declared since the Company began
operating in 1969.
The Board of Directors also declared the regular quarterly
dividends on the Company’s Series H Preferred Stock and Series K
Preferred Stock. The dividends were declared in the amount of
$0.390625 for each share of Series H Preferred Stock and $0.3672
for each share of the Series K Preferred Stock. The dividends are
payable January 31, 2022 to stockholders of record on January 14,
2022.
Urstadt Biddle Properties Inc. is a self-administered equity
real estate investment trust which owns or has equity interests in
78 properties containing approximately 5.1 million square feet of
space. Listed on the New York Stock Exchange since 1970, it
provides investors with a means of participating in ownership of
income-producing properties. It has paid 207 consecutive quarters
of uninterrupted dividends to its shareholders since its
inception.
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version on businesswire.com: https://www.businesswire.com/news/home/20211216005949/en/
John T. Hayes, CFO or Willing Biddle, CEO Urstadt Biddle
Properties Inc. 203-863-8200
Urstadt Biddle Properties (NYSE:UBA)
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