Urstadt Biddle Properties Increases Annual Dividend by $0.01
At their regular meeting yesterday, the Directors of Urstadt Biddle Properties Inc. (NYSE: UBA) 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 $0.2475 for each share of Class A Common Stock and $0.225 for each share of Common Stock. The dividends are payable January 20, 2012 to stockholders of record on January 6, 2012. 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 168th consecutive quarterly dividend on common shares declared since the Company began operating in 1969 and the eighteenth consecutive annual increase in the dividend rates.
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