Urstadt Biddle Properties (UBA) will raise its quarterly dividend by 2.0 percent to $0.26 per share. Last year the shopping center REIT hiked its dividend by 1.0 percent.
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.