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Posts Tagged ‘quarterly dividend’

Drew Industries Names New CFO, Quarterly Dividend posted

November 28th, 2016 Comments off
Credit: Drew Industries.

Credit: Drew Industries.

Drew Industries Incorporated (NYSE: DW) announced that it has named Brian Hall as Chief Financial Officer, effective immediately. Hall has served as the Company’s interim CFO since September 26, 2016, replacing David M. Smith.

We are pleased that Brian has agreed to become our new CFO,” said Jason Lippert, Chief Executive Officer of Drew Industries.

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Brian Hall. Credit: LinkedIn.

His several years of experience in the RV industry, combined with the leadership and technical skills he has demonstrated since joining our company and through this recent transition period, make him the ideal person to lead our financial team for the continued execution of our business strategies. Our executive management team and Board of Directors look forward to continuing to work with Brian in his new role.

Hall joined Drew Industries in March 2013, and has served as Corporate Controller since June 2013, and interim Chief Financial Officer since September 2016.  Prior to joining the Company, he spent more than 16 years in public accounting, most recently as a Senior Manager at Crowe Horwath LLP, where he worked with several public company clients in the RV industry.

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Drew Industries at the NYSE. Credit: Drew Industries.

Drew Industries also announced a quarterly dividend for shareholders. According to Street Insider, the company declared a quarterly dividend of $0.50 per share, or $2 annualized. This is a 66.7% increase from the prior dividend of $0.30.

The dividend will be payable on December 9, 2016, to stockholders of record on November 28, 2016. The annual yield on the dividend is 2 percent.

Drew Industries supplies component parts to the manufactured housing and recreational vehicle industries across the U.S. and in Europe.

Drew Industries is also one of the various industry-connected stocks monitored each business day in the industry’s only daily market report, featured exclusively on the Daily Business News.

For the most recent closing numbers on all MH industry-connected tracked stocks, please click here. ##

(Image credits are as shown above.)

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

UMH Properties Meets Analysts’ Earnings Per Share

May 9th, 2016 Comments off

umh_mfg_home__cedit_umhManufactured home community (MHC) owner and operator UMH Properties, Inc. (NYSE:UMH) reports for its quarterly earnings statement it met Thomson Reuters’ consensus earnings per share, as  MHProNews has learned.

The company reported Core Funds from Operations of $4,620,000, $0.17 per diluted share for the quarter ending March 31, 2016, as compared to $3,159,000 or $0.13 per diluted share for the comparable quarter of 2015, representing an increase in Core FFO per diluted share of 30.8%., reports biznewsnetwork.

Additionally, rental income rose by 26.5 percent over the same period last year, increased same property net operating income (NOI) 16.7 percent, increased home sales 52.3 percent and increased rental home occupancy from 92.9 percent as of 12-31-2015 to 94.8 percent this most recent quarter.

Meanwhile, UMH recently announced a quarterly dividend of $0.18 per share, payable Wed., June 15, 2016 to shareholder of record on Mon., May 16, representing a dividend of $0.72 on an annualized basis, and a dividend yield of 7.28 percent.

Furthermore, Director James E. Mitchell purchased 5,000 shares of company stock, disclosed in a filing with the Securities and Exchange Commission (SEC) at an average cost of $25.50 per share for a total transaction valued at $127,500. Mitchell now owns 8,000 shares of UMH stock with a value of $204,000.

In trading today on the New York Stock Exchange, UMH stock was up +0.51 percent to close at $9.89.

A rfeal estate investment trust (REIT), UMH owns and operates 98 MHCs comprised of 17,800 developed sites in seven states east of the Mississippi River. The company also owns a portfolio of REIT securities. ##

(Photo credit: UMH Properties, Inc.)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

UMH Properties set to Pay Dividends to Shareholders

April 6th, 2016 Comments off

umh communities creditMHProNews has been informed by prnewswire that the board of directors of manufactured home community (MHC) owner and operator UMH Properties, Inc. (NYSE:UMH) declared its quarterly cash dividend of $0.18 per share payable June 15, 2016 to shareholders of record as of May 16, 2016.

Additionally, the board of directors declared a quarterly dividend on its 8.25% Series A Cumulative Redeemable Preferred Stock payable June 15, 2016 of $0.515625 per share to stockholders of record as of May 16,2016. This dividend is for the quarter March 1, 2016 through May 31, 2016.

Also, UMH’s board of directors declared a quarterly dividend of $0.50 per share for its 8.0% Series B Cumulative Redeemable Preferred Stock payable to shareholders of record at the close of business May 16, 2016. Covering the quarter from March 1, 2016 to May 31, 2016, the dividend will be paid June 15, 2016.

A real estate investment trust (REIT), UMH owns and operates 98 manufactured home communities comprised of 17,800 home sites in seven sates. The company also owns a portfolio of REIT securities. ##

(Photo credit: UMH Properties, Inc.)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Insider Trading at MH-related Firms

March 22nd, 2016 Comments off

stock_exchange_electronic_boar__neurolog_dash_kielceIn insider trading, Drew Industries, Inc. (NYSE:DW) insider Nick C. Fletcher sold 878 shares of Drew at an average price of $63.93 for a total value of $56,130.54.

The company reported a quarterly dividend for shareholders of record April 1, 2016 of $0.30 per share to be paid on April 15, 2016, representing a $1.20 annualized dividend. The yield, according to sfhfm, is $1.88%. Drew’s stock was off -1.28% to close at $62.64 in today’s session.

As MHProNews knows, based in Elkhart, Indiana, Drew is a component supplier to the manufactured home and recreational vehicle industries.

Meanwhile, across the country in Phoenix, AZ Cavco Industries, Inc. (NASDAQ:CVCO) Director Steven G. Bunger sold 5,500 shares of company stock at an average price of $89.82 for a total transaction of $494,010. Bunger now owns 2,500 shares of Cavco valued at $224,500.

Shares of Cavco in today’s trading slipped -0.62% to close at $87.89. Cavco produces manufactured and modular homes, modular commercial buildings and park models.

Returning to Elkhart, CEO Todd M. Cleveland of Patrick Industries, Inc. (NASDAQ:PATK) sold 1,515 shares pf company stock at an average price of $43.01 for a transaction value of $65,160.15. Cleveland now owns 409,898 shares of the company’s stock, valued at approximately $17,629,712.98. In today’s trading, Patrick gained +1.12% to close at $45.11.

Patrick Industries is a component supplier to the manufactured home and recreational vehicle industries.##

(Photo credit: neurolog-kielce–electronic stock exchange board)

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Article submitted by Matthew J. Silver to Daily Business News-MHProNews.

 

Shares of UMH Properties Hit New High

March 21st, 2016 Comments off

umh_mfg_home__cedit_umhMHProNews has learned from fidaily that the common stock of UMH Properties, Inc. (NYSE:UMH) reached a 52-week high of $10.79 on Friday, March 18 before slipping -0.58 and ending at $10.07.

The company recently declared a quarterly dividend of $0.18 per share, representing an annualized payment of $0.72 to shareholders on March 15, 2016. The dividend represented a yield of $6.96. The ex-dividend date was Feb. 11, 2016.

The stock closing at $10.07 is $0.51 above the 50-day moving average of $9.56, and just above the 200-day moving average of $9.66.

Earnings per share (EPS) for the last quarterly report was -$0.16 percent, but is anticipated to be $0.65 for the current year, and +$0.17 for the next quarterly report. EPS for next year is estimated to be $0.78.

UMH owns and operates 98 manufactured home communities comprised of 17,800 home sites. ##

(Photo credit: UMH Properties, Inc.)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Drew Industries Declares Quarterly Cash Dividend

March 19th, 2016 Comments off

drew_ind_2_logoThe Board of Directors of Drew Industries, Inc. (NYSE:DW) of Elkhart, Indiana has declared a cash quarterly dividend of $0.30 per share of common stock, as prnewswire tells MHProNews.

Payable on April 15, 2016 to shareholders of record as of the close of business on April 1, 2016, Drew’s CEO, Jason Lippert, said, “We are pleased to demonstrate our continued commitment to shareholder value through the establishment of a regular quarterly dividend.”

David Smith, Drew’s CFO, added, “Our strong balance sheet and consistent cash flow not only enable us to initiate regular quarterly dividend payments, but also position us to continue the successful execution of our strategy to grow sales through acquisitions, greater market share, and innovative new products.”

Through its wholly-owned subsidiary, Lippert Components, from 44 production and distribution facilities across the U. S. and Canada, Drew supplies a variety of components to the manufactured housing and recreational vehicle industries. ##

(Image credit: Drew Industries, Inc.)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily business News-MHProNews.

UMH Properties Declares Dividends for Preferred and Common Stock

April 2nd, 2014 Comments off

MHProNews.com has learned the board of directors of manufactured housing community owner UMH Properties, Inc. (UMH) has declared a quarterly cash dividend of $0.18 per share of the company’s common stock effective June 16, 2014 to shareholders of record May 15, 2014. Additionally, on April 1 the board declared a quarterly dividend of $0.515626 per share on the company’s Series A preferred stock for the period March 1, 2014 through May 31, 2014, according to marketwatch.com. The dividend will be payable June 16, 2014 to shareholders of record as of May 15, 2014. UMH is a public equity real estate investment trust (REIT) that owns and operates 82 manufactured housing communities comprised of 14,500 homesites. ##

(Photo credit: UMH Properties, Inc.)

Sun Communities Declares Quarterly Dividend

December 19th, 2013 Comments off

Sun Communities, Inc. (NYSE:SUI) has announced a quarterly dividend of $0.63 per share payable to shareholders of record on Dec. 31, 2013. This represents a $2.52 annualized dividend with a yield of 5.95 percent payable Jan. 17th. Three equities research analysts have issued a buy rating on the stock, while one has issued a hold, according to zolmax.com. The stock opened today (Dec. 19) at 42.34, and has a 52-week range from $38.77 per share to $57.78. As MHProNews knows, real estate investment trust (REIT) Sun owns 185 manufactured home and recreational vehicle communities comprised of 68,300 homesites.

(Photo credit: Sun Communities, Inc.)

Killam Declares Quarterly Dividend

October 18th, 2013 Comments off

Canada’s Killam Properties Inc (TSX:KMP) reports its board of directors has declared a monthly dividend of $0.04833 per common share to be paid on Nov. 15, 2013 to shareholders of record Oct. 31, 2013. Killam’s Dividend re-investment plan (DRIP) allows shareholders the opportunity to re-invest their dividends in additional common shares, according to wsj.com. Based in Halifax, Nova Scotia, Canada as MHProNews knows, Killam is one of the largest owners of manufactured housing communities in Canada.

(Photo credit: Killam Properties, Inc.)

UMH Declares Quarterly Dividends

July 3rd, 2013 Comments off

Manufactured home community owner UMH Properties, Inc. has declared a quarterly cash dividend of $0.18 a share on the company’s common stock payable Sept. 16, 2013 to shareholders of record Aug. 15, 2013. In addition, the board of directors announced a quarterly dividend of $0.51562 per share for the company’s 8.25% Series A preferred stock also payable Sept. 16, 2013 to shareholders as of Aug. 15, 2013, according to noodls.com. As MHProNews knows, real estate investment trust (REIT) UMH owns and operates 68 manufactured housing communities with 12,800 developed home sites, and also maintains a portfolio of REIT securities.

(Photo credit: UMH Properties, Inc.)