Urstadt Biddle Properties Inc. Announces Quarterly Dividends on Class A Common and Common Shares
GREENWICH, Conn.--(BUSINESS WIRE)-- At their regular meeting, the Directors of Urstadt Biddle Properties Inc. (NYSE: UBA and UBP), declared quarterly dividends on the Companys Class A Common Stock and Common Stock. The dividends were declared in the amounts of $0.25 for each share of Class A Common Stock and $0.225 for each share of Common Stock. The dividends are payable April 19, 2013 to stockholders of record on April 5, 2013. The dividends were unchanged from the previous quarterly rates and represent the 173rd 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 Companys Series C Preferred Stock, Series D Preferred Stock and Series F 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 $0.4453125 for each share of Series F Preferred Stock. The dividends are payable April 30, 2013 to stockholders of record on April 19, 2013.
Urstadt Biddle Properties Inc. (UBA) is a self-administered equity real estate investment trust which owns or has equity interests in 63 properties containing approximately 5.0 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 173 consecutive quarters of uninterrupted dividends to its shareholders since its inception and has raised total dividends to its shareholders for the last 19 consecutive years.
Urstadt Biddle Properties Inc.
John T. Hayes, CFO
Willing Biddle, COO
Source: Urstadt Biddle Properties Inc.Copyright Business Wire 2013