GREENWICH, Conn.--(EON: Enhanced Online News)--At their regular meeting today, the Directors of Urstadt Biddle Properties Inc. (NYSE: UBA and UBP) approved an increase in the quarterly dividend rate declared for its Common stock and Class A Common stock. The quarterly dividend rate declared for the Common Stock was increased to $0.235 per share and the quarterly dividend rate declared for the Class A Common stock was increased to $0.265 per share, which represents an annualized increase of $0.02 per share for both classes of common stock. The $0.02 dividend increase represents the twenty-third consecutive year that the company has increased total dividends to its shareholders. The Common and Class A Common dividends are payable January 20, 2017 to stockholders of record on January 6, 2017. The dividends declared will represent the 188th consecutive quarterly dividend on common shares declared since the Company began operating in 1969.
The Directors of the company also declared the regular quarterly dividends on the Company’s Series F Preferred Stock and Series G Preferred Stock. The dividends were declared in the amount of $0.4453125 for each share of Series F Preferred Stock and $0.421875 for each share of Series G Preferred Stock. The dividends are payable January 31, 2017 to stockholders of record on January 20, 2017.
Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust which owns or has equity interests in 75 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 187 consecutive quarters of uninterrupted dividends to its shareholders since its inception and has raised total dividends to its shareholders for the last 23 consecutive years.