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 third quarter of 2016 in the amount of $0.295 per
share, payable in cash, on October 31, 2016 to UDR common stock
shareholders of record as of October 11, 2016. The October 31st
dividend will be the 176th consecutive quarterly dividend
paid by the Company on its common stock.
UDR also announced that its Board of Directors declared a regular
quarterly dividend on its Series E preferred stock for the third quarter
of 2016 in the amount of $0.3322 per share. The preferred dividend is
payable on October 31, 2016 to Series E preferred stock shareholders of
record as of October 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 June 30, 2016, UDR owned or had an ownership position in
51,381 apartment homes including 3,510 homes under development or in
preferred equity investments. For over 44 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.
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UDR, Inc.
Shelby Noble, 720-922-6082
snoble@udr.com
Source: UDR, Inc.