~ 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 2014 in
the amount of $0.26 per share, payable in cash, on April 30, 2014 to UDR
common stock shareholders of record as of April 9, 2014. The April 30th
dividend will be the 166th consecutive quarterly dividend
paid by the Company on its common stock.
As previously announced in February, the Company’s annualized and
declared dividend of $1.04 per share for 2014 represents an 11% increase
over the annualized and declared dividend of $0.94 per share in 2013.
UDR also announced that its Board of Directors declared a regular
quarterly dividend on its Series E preferred stock for the first quarter
of 2014 in the amount of $0.3322 per share. The preferred dividend is
payable on April 30, 2014 to Series E preferred stock shareholders of
record as of April 9, 2014.
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, 2013, UDR owned or had an ownership position
in 52,949 apartment homes including 1,790 homes under development. For
over 41 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.