At their regular meeting yesterday, the Directors of Urstadt Biddle Properties
Inc. UBA UBP approved an increase in the quarterly dividend rate
declared for its Class A Common stock. The quarterly dividend rate declared
for the Class A Common stock was increased to $0.25 per share, which
represents an annualized increase of $0.01 per share for the Class A Common
shares. In consideration of the company's charter requirement that the Class A
Common dividend rate be at least 10% higher than the Common dividend rate, the
Board of Directors declared a quarterly dividend for the Common shares of
$0.225 per share, unchanged from the prior year. The $0.01 increase on the
Class A Common stock dividend represents the nineteenth consecutive year that
the company has increased total dividends to its shareholders. The Class A
Common and Common dividends are payable January 18, 2013 to stockholders of
record on January 4, 2013. The dividends declared represent the 172nd
consecutive quarterly dividend on common shares declared since the Company
began operating in 1969.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in