UDR Announces a 6.2% Annualized Common Dividend Increase for 2019
DENVER--(BUSINESS WIRE)--Mar 28, 2019--UDR, Inc. (NYSE: UDR ), a leading multifamily real estate investment trust, today announced that its Board of Directors declared a regular quarterly dividend on its common stock for the first quarter of 2019 in the amount of $0.3425 per share, payable in cash, on April 30, 2019 to UDR common stock shareholders of record as of April 9, 2019. The April 30 th dividend will be the 186 th consecutive quarterly dividend paid by the Company on its common stock.
As previously announced in February, the Company’s annualized 2019 common dividend of $1.37 per share represents a 6.2% increase over the annualized common dividend of $1.29 per share in 2018.
UDR also announced that its Board of Directors declared a regular quarterly dividend on its Series E preferred stock for the first quarter of 2019 in the amount of $0.3492 per share. The preferred dividend is payable on April 30, 2019 to Series E preferred stock shareholders of record as of April 9, 2019.
About UDR, Inc.
UDR, Inc. (NYSE: UDR ), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate properties in targeted U.S. markets. As of December 31, 2018, UDR owned or had an ownership position in 48,860 apartment homes including 817 homes under development or in its Developer Capital Program – West Coast Development Joint Venture. For over 46 years, UDR has delivered long-term value to shareholders, the best standard of service to residents and the highest quality experience for associates.
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CONTACT: UDR, Inc.
Chris Van Ens
KEYWORD: UNITED STATES NORTH AMERICA COLORADO
INDUSTRY KEYWORD: REIT CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE
SOURCE: UDR, Inc.
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PUB: 03/28/2019 04:16 PM/DISC: 03/28/2019 04:16 PM