UMH Properties hikes dividend by 2.5%

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On January 11, 2023, UMH Properties, Inc. (NYSE:UMH) announced today that its Board of Directors approved a 2.5% increase in the Company’s quarterly common stock dividend, raising it from $0.20 per share to $0.205 per share. The dividend yield for UMH is 4.8% at a stock price of $17.27. The next ex-dividend will be Feb 14, 2023.

UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates manufactured home communities. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan and Alabama. In addition, the Company owns a portfolio of REIT securities.

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