UDR will pay $0.42 per share on May 1, 2023, to its common stock shareholders
UDR, Inc., a leading multifamily real estate investment trust, has announced that it will be paying a regular quarterly dividend on its common stock for the first quarter of 2023.
The dividend will amount to $0.42 per share, payable in cash on May 1, 2023, to UDR common stock shareholders of record as of April 10, 2023. This dividend marks the 202nd consecutive quarterly dividend paid by the company on its common stock.
UDR's annualized common dividend of $1.68 per share in 2023 represents a 10.5% increase over the annualized common dividend of $1.52 per share in 2022. The company said that result was a testament to its success in delivering superior and dependable returns by managing, buying, selling, developing, and redeveloping attractive real estate properties in targeted U.S. markets.
UDR has also declared a regular quarterly dividend on its Series E preferred stock for the first quarter of 2023 in the amount of $0.4548 per share. The preferred dividend is payable on May 1, 2023, to Series E preferred stock shareholders of record as of April 10, 2023.
As of December 31, 2022, UDR owned or had an ownership position in 58,390 apartment homes, including 554 homes under development. With this increase in dividends, the company said it continued to demonstrate its commitment to providing value to its investors while maintaining its track record of success.
