Urstadt Biddle Properties Inc. (UBA) will cut its dividend by 75% from $0.28 to $0.07 quarterly per share.

Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust which owns or has equity interests in primarily neighborhood and community shopping centers in the metropolitan tri-state area outside of the City of New York. The company's primary business is the ownership, management, and redevelopment of retail properties. Listed on the New York Stock Exchange since 1970, UBA provides investors with a means of participating in ownership of income-producing properties.