Urstadt Biddle Properties (UBA) Raises Quarterly Dividend 2% to $0.26; 5.4% Yield

Urstadt Biddle Properties (NYSE: UBA) declared a quarterly dividend of $0.26 per share, or $1.04 annualized. This is a 2% increase from the prior dividend of $0.255.

The dividend will be payable on January 15, 2016, to stockholders of record on January 5, 2016, with an ex-dividend date of December 31, 2015.

The annual yield on the dividend is 5.4 percent.

The company said:

At their regular meeting yesterday, the Directors of Urstadt Biddle Properties Inc. (NYSE: UBA and UBP) approved an increase in the quarterly dividend rate declared for its Common stock and Class A Common stock. The quarterly dividend rate declared for the Common Stock was increased to $0.23 per share and the quarterly dividend rate declared for the Class A Common stock was increased to $0.26 per share, which represents an annualized increase of $0.02 per share for both classes of common stock. The $0.02 dividend increase represents the twenty-second consecutive year that the company has increased total dividends to its shareholders. The Common and Class A Common dividends are payable January 15, 2016 to stockholders of record on January 5, 2016.

For a dividend history and other dividend-related data on Urstadt Biddle Properties (UBA) click here.

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