At their regular meeting yesterday, the Directors of Urstadt Biddle Properties Inc. (NYSE: UBA and UBP) 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 168 th consecutive quarterly dividend on common shares declared since the Company began operating in 1969 and the eighteenth consecutive annual increase in the dividend rates.
The Directors of the company 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. The dividends are payable January 31, 2012 to stockholders of record on January 20, 2012.
Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust which owns or has equity interests in 53 properties containing approximately 4.8 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 168 consecutive quarters of uninterrupted dividends to its shareholders since its inception and raised its dividend to its shareholders for the last 18 consecutive years.