UMH Properties, Inc. Announces Dividend Increase From $0.205 To $0.215 Per Share
Portfolio Pulse from Benzinga Newsdesk
UMH Properties, Inc. (NYSE:UMH) announced a 4.9% increase in its quarterly dividend to $0.215 per share, payable on June 17, 2024. This marks the fourth consecutive annual increase, supported by three quarters of normalized FFO per share growth in 2023. The company anticipates future growth in occupancy, revenue, and earnings, citing the high demand for manufactured homes.
April 01, 2024 | 8:34 pm
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UMH Properties, Inc. announced a dividend increase to $0.215 per share, reflecting confidence in future growth driven by demand for manufactured homes.
The increase in dividend is a positive signal to investors, reflecting the company's financial health and optimism for future growth. This is supported by three quarters of normalized FFO per share growth in 2023 and the high demand for manufactured homes. The announcement is likely to be viewed positively by the market, potentially leading to a short-term increase in UMH's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100