Announces 25th Consecutive Annual Dividend Increase to Its
Shareholders and Raises Annualized Dividend Rate by $0.02 Per Share on
Its Common Shares and Class A Common Shares
GREENWICH, Conn. -- (Business Wire)
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 Common stock and Class A
Common stock. The quarterly dividend rate declared for the Common Stock
was increased to $0.245 per share and the quarterly dividend rate
declared for the Class A Common stock was increased to $0.275 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-fifth consecutive year that the company has increased total
dividends to its shareholders. The Common and Class A Common dividends
are payable January 18, 2019 to stockholders of record on January 4,
2019. The dividends declared will represent the 196th consecutive
quarterly dividend on common shares declared since the Company began
operating in 1969.
The Board of Directors of the company also declared the regular
quarterly dividends on the Company’s Series G Preferred Stock and Series
H Preferred Stock. The dividends were declared in the amount of
$0.421875 for each share of Series G Preferred Stock and $0.390625 for
each share of Series H Preferred Stock. The dividends are payable
January 31, 2019 to stockholders of record on January 18, 2019.
Urstadt Biddle Properties Inc. is a self-administered equity real
estate investment trust which owns or has equity interests in 85
properties containing approximately 5.3 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 195 consecutive quarters of uninterrupted
dividends to its shareholders since its inception and has raised total
dividends to its shareholders for the last 25 consecutive years.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181213005853/en/
Contacts:
John T. Hayes, CFO or Willing Biddle, CEO
Urstadt Biddle Properties
Inc.
203-863-8200
Source: Urstadt Biddle Properties Inc.
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