Urstadt Biddle Properties (UBP) Raises Quarterly Dividend 2.1% to $0.24, 5.3% Yield; Class A Share Dividends Boosted to $0.27/Sh

Urstadt Biddle Properties (NYSE: UBP) declared a quarterly dividend of $0.24 per share, or $0.96 annualized. This is a 2.1% increase from the prior dividend of $0.235.

The dividend will be payable on January 19, 2018, to stockholders of record on January 5, 2018, with an ex-dividend date of January 4, 2018.

The annual yield on the dividend is 5.3 percent.

The quarterly dividend rate declared for the Common Stock was increased to $0.24 per share and the quarterly dividend rate declared for the Class A Common stock was increased to $0.27 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-fourth consecutive year that the company has increased total dividends to its shareholders. The Common and Class A Common dividends are payable January 19, 2018 to stockholders of record on January 5, 2018. The dividends declared will represent the 192nd consecutive quarterly dividend on common shares declared since the Company began operating in 1969.

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

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