DENVER - UDR, Inc. (NYSE: UDR), a prominent multifamily real estate investment trust, has declared a regular quarterly dividend for both its common and preferred stockholders. The announcement comes as part of the company's consistent practice of returning value to its investors.
The Board of Directors has set the common stock dividend at $0.425 per share for the first quarter of 2024, marking the 206th consecutive quarterly dividend issued by UDR. Common stock shareholders on record as of April 10, 2024, will receive the dividend in cash on April 30, 2024.
In line with the company's February disclosure, the annualized common dividend for 2024 is $1.70 per share, which is a slight increase of 1.2% from the $1.68 per share distributed in 2023.
Furthermore, UDR's Board of Directors has declared a regular quarterly dividend on its Series E preferred stock. The preferred stock dividend is set at $0.4602 per share for the first quarter, also payable on April 30 to shareholders of record as of April 10.
UDR, Inc., an S&P 500 company, has been operational for over five decades, focusing on the acquisition, development, and management of multifamily properties across select U.S. markets. As of the end of 2023, the company had ownership interests in 60,336 apartment homes, which included 359 homes under development.
This dividend declaration is based on a press release statement and reflects the company's ongoing commitment to its shareholders.
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