~ 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 2015 in the amount of $0.2775 per
share, payable in cash, on April 30, 2015 to UDR common stock
shareholders of record as of April 16, 2015. The April 30th
dividend will be the 170th consecutive quarterly dividend
paid by the Company on its common stock.
As previously announced in February, the Company’s annualized and
declared common dividend of $1.11 per share for 2015 represents a 7%
increase over the annualized and declared common dividend of $1.04 per
share in 2014.
UDR also announced that its Board of Directors declared a regular
quarterly dividend on its Series E preferred stock for the first quarter
of 2015 in the amount of $0.3322 per share. The preferred dividend is
payable on April 30, 2015 to Series E preferred stock shareholders of
record as of April 16, 2015.
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, 2014 and after excluding the Company’s prior
interest in its Texas Joint Venture which was sold in January 2015, UDR
owned or had an ownership position in 47,934 apartment homes including
1,387 homes under development. For over 42 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.