On December 15, 2022, Urstadt Biddle Properties Inc. (UBA) announced that it will raise its quarterly dividend by 5.3% to $0.25 per share. The dividend represents the 212th consecutive quarterly dividend on common shares declared since the Company began operating in 1969 and will be paid on January 13, 2023 to shareholders of record on January 6, 2023. The dividend yield is 5.4% at a stock price of $18.43.
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.