Urstadt Biddle Properties Inc. (UBA/UBP) will raise its quarterly dividend to $0.265 per share. 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 new annual dividend of $1.06 per share translates into an estimated yield of 4.4% at a stock price of $24.16 (for UBA).

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.