Urstadt Biddle Properties Inc. Announces Increase in Quarterly Dividends on Class a Common and Common Shares
December 16 2010 - 3:26PM
Business Wire
At their regular meeting yesterday, the Directors of Urstadt
Biddle Properties Inc. (NYSE: UBA and UBP) approved an increase in
the quarterly dividends on the Company’s Class A Common Stock and
Common Stock. The dividends were declared in the amounts of $0.245
for each share of Class A Common Stock and $0.2225 for each share
of Common Stock. The dividends are payable January 21, 2011 to
stockholders of record on January 7, 2011. The new dividend rates
represent annualized increases of $0.01 per share for both the
Class A Common shares and Common shares. The dividends declared
represent the 164th consecutive quarterly dividend on common shares
declared since the Company began operating in 1969 and the
seventeenth consecutive annual increase in the dividend rates.
The Directors of the company also declared the regular quarterly
dividends on the Company’s Series C Preferred Stock, Series D
Preferred Stock and Series E Preferred Stock. The dividends were
declared in the amount of $2.125 for each share of Series C
Preferred Stock, $0.46875 for each share of Series D Preferred
Stock and $0.53125 for each share of Series E Preferred Stock. The
dividends are payable January 31, 2011 to stockholders of record on
January 14, 2011.
UBP is a self-administered equity real estate investment trust
providing investors with a means of participating in ownership of
income-producing properties and investment liquidity. UBP owns or
has an interest in 50 properties containing 4.6 million square feet
of space. UBP’s core properties consist principally of community
shopping centers located in the northeast with a concentration in
Fairfield County, Connecticut, Bergen County, New Jersey and
Westchester and Putnam Counties, New York.
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