10% Increase in 2011 Common Dividend
DENVER--(BUSINESS WIRE)--
UDR, Inc. (NYSE: UDR), a leading multifamily real estate investment
trust, today announced that its Board of Directors declared a regular
quarterly dividend on its common stock for the fourth quarter of 2011 in
the amount of $0.2150 per share, payable in cash, on January 31, 2012 to
UDR common stock shareholders of record as of January 11, 2012. The
January 31st dividend will be the 157th
consecutive quarterly dividend paid by the Company on its common stock.
The fourth quarter declared dividend represents a 7.5% sequential
increase over the previous quarter and is consistent with the previously
announced 10% dividend increase to $0.80 per share declared by the
Company’s Board of Directors in January.
UDR also announced that its Board of Directors declared a regular
quarterly dividend on its Series E Preferred Stock for the fourth
quarter of 2011 in the amount of $0.3322 per share. The preferred
dividend is payable on January 31, 2012 to Series E preferred stock
shareholders of record as of January 11, 2012.
Additionally, UDR announced that its Board of Directors declared a
regular quarterly dividend on its Series G Preferred Stock for the
period of October 30, 2011 to January 29, 2012 in the amount of
$0.421875 per share. The preferred dividend is payable on January 30,
2012 to Series G preferred stock shareholders of record as of January
11, 2012.
About UDR, Inc.
UDR, Inc. (NYSE:UDR), an S&P 400 company, is a leading multifamily real
estate investment trust with a demonstrated performance history of
delivering superior and dependable returns by successfully managing,
buying, selling, developing and redeveloping attractive real estate
properties in targeted U.S. markets. As of September 30, 2011, UDR owned
or had an ownership position in 62,037 apartment homes including 2,255
homes under development. For over 39 years, UDR has delivered long-term
value to shareholders, the best standard of service to residents, and
the highest quality experience for associates. Additional information
can be found on the Company's website at www.udr.com.
UDR, Inc.
Chris Van Ens, 720-348-7762
cvanens@udr.com
Source: UDR