Urstadt Biddle Properties (UBA) will raise its quarterly dividend by 1.0 percent to $0.255 per share, marking the 21st consecutive year of dividend increases for the shopping center REIT.
Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust, which is engaged in the acquisition, ownership and management of commercial real estate. Listed on the New York Stock Exchange since 1970, it provides investors with a means of participating in ownership of income-producing properties.