~ Declares Quarterly Dividends ~
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 first quarter of 2013 in
the amount of $0.235 per share, payable in cash, on April 30, 2013 to
UDR common stock shareholders of record as of April 9, 2013. The April 30th
dividend will be the 162nd consecutive quarterly dividend
paid by the Company on its common stock.
As previously announced in February, the Company’s annualized and
declared dividend of $0.94 per share for 2013 represents a 7% increase
over the annualized and declared dividend of $0.88 per share in 2012.
UDR also announced that its Board of Directors declared a regular
quarterly dividend on its Series E Preferred Stock for the first quarter
of 2013 in the amount of $0.3322 per share. The preferred dividend is
payable on April 30, 2013 to Series E preferred stock shareholders of
record as of April 9, 2013.
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 December 31, 2012, UDR owned or had an ownership position
in 54,195 apartment homes including 3,066 homes under development. For
40 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, Inc.