At their regular meeting, the Directors of Urstadt Biddle Properties Inc. (NYSE: UBA and UBP), declared quarterly dividends on the Company’s Class A Common Stock and Common Stock. The dividends were declared in the amounts of $0.2450 for each share of Class A Common Stock and $0.2225 for each share of Common Stock. The dividends are payable October 21, 2011, to stockholders of record on October 7, 2011. The dividends were unchanged from the previous quarterly rates and represent the 167th consecutive quarterly dividend on common shares declared since the Company began operating in 1969.
The Directors of UBP 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. Dividends on the Preferred Stock are payable October 31, 2011 to stockholders of record on October 14, 2011.
Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust which owns or has equity interests in 51 properties containing approximately 4.7 million square feet of space.
Listed on the New York Stock Exchange since 1970, it provides investors with a means of participating in ownership of income-producing properties. It has paid 167 consecutive quarters of uninterrupted dividends to its shareholders since its inception and raised its dividend to its shareholders for the last 17 consecutive years.