Urstadt Biddle Properties Inc (NYSE:UBP) Announces Quarterly Dividend of $0.24

Urstadt Biddle Properties Inc (NYSE:UBP) declared a quarterly dividend on Thursday, September 6th, Wall Street Journal reports. Shareholders of record on Friday, October 5th will be given a dividend of 0.24 per share by the real estate investment trust on Friday, October 19th. This represents a $0.96 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date is Thursday, October 4th.

Urstadt Biddle Properties has increased its dividend payment by an average of 1.5% annually over the last three years and has raised its dividend annually for the last 2 consecutive years.

Shares of NYSE UBP opened at $16.63 on Friday. The company has a market capitalization of $682.48 million, a P/E ratio of 12.85 and a beta of 0.02. Urstadt Biddle Properties has a 12-month low of $15.36 and a 12-month high of $18.92. The company has a debt-to-equity ratio of 0.82, a quick ratio of 8.30 and a current ratio of 8.30.

Several analysts recently commented on the company. ValuEngine cut Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. TheStreet cut Urstadt Biddle Properties from a “b” rating to a “c+” rating in a research report on Wednesday, September 12th.

Urstadt Biddle Properties Company Profile

Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 84 properties containing approximately 5.1 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.

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Dividend History for Urstadt Biddle Properties (NYSE:UBP)

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