Urstadt Biddle Properties Inc. (UBA/UBP) will raise its quarterly dividend by 1.9 percent to $0.27 per share. This matches last year's dividend hike of 1.9 percent and follows a 2.0 percent increase by the REIT in 2016.
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.