Yesterday, the Company announced that the Board of Directors had declared dividends on the Company’s Class A Common Stock and Common Stock in the amounts of $0.2475 for each share of Class A Common Stock and $0.225 for each share of Common Stock. The press release incorrectly identified the dividend record date. The dividends are payable April 20, 2012 to stockholders of record on April 5, 2012 (not April 6, 2012, a stock exchange holiday, as stated in the press release). The declaration of regular quarterly dividends on the Company’s Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock remains unchanged. Dividends 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 are payable April 30, 2012 to stockholders of record on April 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 169 consecutive quarters of uninterrupted dividends to its shareholders since its inception and raised its dividend to its shareholders for the last 18 consecutive years.
In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both.