Urstadt Biddle Properties Inc Plans Quarterly Dividend of $0.24 (UBP)

Urstadt Biddle Properties Inc (NYSE:UBP) declared a quarterly dividend on Friday, March 23rd, Wall Street Journal reports. Investors of record on Monday, April 2nd will be given a dividend of 0.24 per share by the real estate investment trust on Monday, April 16th. This represents a $0.96 dividend on an annualized basis and a yield of 5.66%. The ex-dividend date of this dividend is Thursday, March 29th.

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

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Urstadt Biddle Properties (UBP) traded down $0.45 during trading on Friday, reaching $16.97. 2,514 shares of the company were exchanged, compared to its average volume of 3,951. Urstadt Biddle Properties has a 1 year low of $15.36 and a 1 year high of $18.92. The company has a quick ratio of 4.49, a current ratio of 4.49 and a debt-to-equity ratio of 0.76. The firm has a market cap of $646.97, a price-to-earnings ratio of 18.19 and a beta of 0.17.

Urstadt Biddle Properties (NYSE:UBP) last posted its quarterly earnings data on Friday, March 9th. The real estate investment trust reported $0.13 EPS for the quarter. Urstadt Biddle Properties had a net margin of 42.41% and a return on equity of 13.40%. The firm had revenue of $33.00 million during the quarter.

A number of equities analysts recently commented on the stock. TheStreet lowered shares of Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a research note on Tuesday, February 20th. ValuEngine lowered shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd.

In related news, Chairman Charles J. Urstadt bought 14,410 shares of the firm’s stock in a transaction on Wednesday, March 14th. The stock was bought at an average price of $19.15 per share, with a total value of $275,951.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 23.25% of the company’s stock.

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Urstadt Biddle Properties Company Profile

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.

Dividend History for Urstadt Biddle Properties (NYSE:UBP)

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