American real estate group Urstadt Biddle Properties Inc. (ISIN: US9172861067, NYSE: UBP) will pay a quarterly dividend of $0.2145 to its investors, it was reported on Wednesday. Payment will be made on October 14, 2022 (record date: September 30, 2022).
Overall, this is the 211th quarterly dividend in a row. Annualized payout to shareholders is $0.858. At the current share price of $15.26 (as of September 7, 2022), this equates to a current dividend yield of 5.64 percent. In 2022, the quarterly dividend was reduced from $0.25 to $0.0625. After that, there were 3 increases to the current amount.
Urstadt Biddle Properties shares are listed as a REIT (Real Estate Investment Trust) on the New York Stock Exchange. The company was founded in 1969 and specializes in retail real estate. The Group owns or manages interests in 77 properties. Revenue for the second quarter ended April 30 of fiscal 2022 was $36 million (prior year: $32.93 million) as reported on June 8, 2022. The profit was 7.11 million US dollars (previous year: 4.62 million US dollars).
Since the beginning of 2022, the share on Wall Street has been down 20.62 percent (as of September 7, 2022). The current market cap is $651 million.
Editorial team MyDividends.de
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