Form 8-K UMH PROPERTIES, INC. For: Jan 25
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 25, 2018
UMH Properties, Inc.
(Exact name of registrant as specified in its charter)
| Maryland | 001-12690 | 22-1890929 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
| Juniper Business Plaza, 3499 Route 9 North, Suite 3-C, Freehold, NJ | 07728 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (732) 577-9997
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| [ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| [ ] | Soliciting material pursuant to Rule 14a- 12 under the Exchange Act (17 CFR 240.14a-12) |
| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| [ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 7.01 | Regulation FD Disclosure. |
On January 25, 2018, the Company issued a press release announcing the declaration of quarterly dividends on the common and preferred stock.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| 99 | Press Release dated January 25, 2018 |
| 2 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| UMH Properties, Inc. | ||
| Date: January 25, 2018 | By: | /s/ Anna T. Chew |
| Name: | Anna T. Chew | |
Vice President and Chief Financial Officer | ||
| 3 |
| FOR IMMEDIATE RELEASE | January 25, 2018 |
Contact: Nelli Madden 732-577-9997 |
UMH PROPERTIES, INC. DECLARES COMMON AND PREFERRED DIVIDENDS
FREEHOLD, NJ, January 25, 2018. On January 25, 2018, the Board of Directors of UMH Properties, Inc. (NYSE: UMH) declared its quarterly cash dividend on the Company’s Common Stock of $0.18 per share payable March 15, 2018, to shareholders of record at the close of business on February 15, 2018. The Company’s annual dividend rate on its Common Stock is $0.72 per share.
Also, on January 25, 2018, the Board of Directors declared a quarterly dividend of $0.50 per share for the period from December 1, 2017 through February 28, 2018, on the Company’s 8.0% Series B Cumulative Redeemable Preferred Stock payable March 15, 2018, to shareholders of record at the close of business on February 15, 2018. Series B preferred share dividends are cumulative and payable quarterly at an annual rate of $2.00 per share.
In addition, on January 25, 2018, the Board of Directors declared a quarterly dividend of $0.421875 for the period from December 1, 2017 through February 28, 2018, on the Company’s 6.75% Series C Cumulative Redeemable Preferred Stock payable March 15, 2018, to shareholders of record at the close of business on February 15, 2018. Series C preferred share dividends are cumulative and payable quarterly at an annual rate of $1.6875 per share.
Furthermore, on January 25, 2018, the Board of Directors declared an initial dividend of $0.17708333 for the period from January 22, 2018 through February 28, 2018, on the Company’s 6.375% Series D Cumulative Redeemable Preferred Stock payable March 15, 2018, to shareholders of record at the close of business on February 15, 2018. Series D preferred share dividends are cumulative and payable quarterly at an annual rate of $1.59375 per share.
UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 112 manufactured home communities containing approximately 20,000 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland. In addition, the Company owns a portfolio of REIT securities.
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