Urstadt Biddle Properties Inc. (UBA) will raise its quarterly dividend by 64.3 percent to $0.23 for each share of Class A Common Stock. Last year the real estate investment trust engaged in the acquisition, ownership and management of commercial real estate 

The dividend is payable July 16, 2021 to stockholders of record on July 2, 2021. See the Company’s earnings press release, issued June 7, 2021. A new annualized dividend rate of $0.92 per share yields 4.9% at a stock price of $18.79.

According to UBA, the dividends represent the 206th consecutive quarterly dividend on common shares declared since the Company began operating in 1969.

Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust which owns or has equity interests in 85 properties containing approximately 5.3 million square feet of space. Listed on the New York Stock Exchange since 1970, it provides investors with a means of participating in ownership of income-producing properties. It has paid consecutive quarters of uninterrupted dividends to its shareholders since its inception.