UDR, Inc. (NYSE: UDR), a leading multifamily real estate investment trust, announced on Thursday its Board of Directors' decision to declare a regular quarterly dividend for the third quarter of 2023. The dividend amounts to $0.42 per share on its common stock and will be paid in cash on October 31, 2023, to UDR common stock shareholders of record as of October 10, 2023. This dividend marks the company's 204th consecutive quarterly dividend paid on its common stock.
In addition to the common stock dividend, UDR's Board also declared a regular quarterly dividend on its Series E preferred stock for the same quarter. The preferred stock dividend amounts to $0.4548 per share and will be payable on the same date, October 31, 2023, to Series E preferred stock shareholders of record as of October 10, 2023.
The S&P 500 company has a strong track record in delivering dependable returns by effectively managing, buying, selling, developing, and redeveloping attractive real estate properties in targeted U.S. markets. As of June 30, 2023, UDR owned or had an ownership position in 58,412 apartment homes including 415 homes under development.
For over half a century, UDR has consistently delivered long-term value to shareholders while providing high-standard services to residents and quality experiences for associates.
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