~ 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 2016 in the amount of $0.295 per
share, payable in cash, on May 2, 2016 to UDR common stock shareholders
of record as of April 11, 2016. The May 2nd dividend will be
the 174th 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 $1.18 per share for 2016 represents a 6%
increase over the annualized and declared common dividend of $1.11 per
share in 2015.
UDR also announced that its Board of Directors declared a regular
quarterly dividend on its Series E preferred stock for the first quarter
of 2016 in the amount of $0.3322 per share. The preferred dividend is
payable on May 2, 2016 to Series E preferred stock shareholders of
record as of April 11, 2016.
About UDR, Inc.
UDR, Inc. (NYSE:UDR),
an S&P 500 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, 2015, UDR owned or had an ownership position
in 50,646 apartment homes including 3,222 homes under development. For
over 43 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 ir.udr.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160324005016/en/
UDR, Inc.
Shelby Noble, 720-922-6082
snoble@udr.com
Source: UDR, Inc.