The $0.3984 payout on UMH.PR.D equates to a 7.45% forward yield, payable September 15 to August 17 record holders.
UMH Properties Inc. announced a $0.3984 per share quarterly dividend on its 6.375% cumulative preferred Series D shares. The payout translates to a 7.45% forward yield based on current pricing.
The dividend is payable on September 15 to shareholders of record as of August 17, with an ex-dividend date also set for August 17. The company’s preferred shares have maintained a consistent dividend schedule in prior quarters.
No immediate market reaction was disclosed in the announcement.