Urstadt Biddle Properties Inc (UBP) Raises Dividend to $0.24 Per Share
Urstadt Biddle Properties Inc (NYSE:UBP) announced a quarterly dividend on Friday, December 15th, Wall Street Journal reports. Stockholders of record on Friday, January 5th will be paid a dividend of 0.24 per share by the real estate investment trust on Friday, January 19th. This represents a $0.96 annualized dividend and a dividend yield of 5.23%. The ex-dividend date is Thursday, January 4th. This is a positive change from Urstadt Biddle Properties’s previous quarterly dividend of $0.24.
Urstadt Biddle Properties has increased its dividend payment by an average of 0.7% per year over the last three years.
Urstadt Biddle Properties (UBP) opened at $18.35 on Friday. The stock has a market capitalization of $709.09, a price-to-earnings ratio of 13.74 and a beta of 0.07. The company has a debt-to-equity ratio of 0.71, a current ratio of 7.58 and a quick ratio of 7.58. Urstadt Biddle Properties has a 52 week low of $15.68 and a 52 week high of $20.49.
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Urstadt Biddle Properties Inc is a real estate investment trust, which is engaged in the acquisition, ownership and management of commercial real estate. The Company owns Ridgeway Shopping Center (Ridgeway) property, which is located in Stamford, Connecticut. Its segments include Ridgeway and All Other Operating Segments.
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