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Posts Tagged ‘the board of directors’

Sun Communities Declares Three Quarterly Dividends

June 7th, 2016 Comments off

sun communnities communityMHProNews has learned from euroinvestor that the board of directors of real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI) has declared a quarterly distribution of $0.65 per share of common stock for Q2 2016. The distribution is payable July 15, 2016 to shareholders of record as of June 30,2016.

Additionally, the board of directors declared a distribution $0.4453125 per share on Sun’s 7.125% Series A Cumulative Redeemable Preferred Stock (NYSE:SUI-PrA), also payable on July 15, 2016 to shareholders on record as of June 30, 2016.

Moreover, the board declared a distribution of $0.40625 per share on the company’s 6.50% Series A-4 Cumulative Convertible Preferred Stock. This distribution is payable to shareholders of record on June 17, 2016, payable on June 30, 2016.

Sun Communities owns and operates a portfolio of 234 manufactured home and recreational vehicle communities comprised of 89,583 home sites. ##

(Image credit: Sun Communities, 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.

Equity LifeStyle Properties Declares Q1 Dividends

March 9th, 2016 Comments off

equity_lifestyle_propertiesMHProNews has learned the board of directors of Equity LifeStyle Properties (NYSE:ELS) has announced a dividend of $0.425 per common share will be paid on April 8, 2016 to shareholders of record as of March 25, 2016. On an annualized basis this represents a dividend of $1.70 per share.

Moreover, according to businesswire, the board declared a dividend of $0.421875 per depositary share (each representing 1/100 of a share of ELS’ 6.75% Series C Cumulative Redeemable Perpetual Preferred Stock). On an annualized basis this represents a dividend of $1.6875 per share, payable on March 31, 2016 to shareholders on record as of March 10, 2016.

In other news, Gary Waterman, board member since 1993, has announced he will retire from the board of directors May 10, 2016, which will reduce the board members to ten.

Headquartered in Chicago, Equity LifeStyle Properties owns, or has an interest in, 388 manufactured home and recreational vehicle communities comprised of 144,244 home sites in 32 states and British Columbia, Canada. ##

(Image credit: Equity LifeStyle Properties)

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