Urstadt Biddle Properties Inc. Announces Increase in Quarterly Dividend Rate on Common Shares and Class A Common Shares

GREENWICH, Conn.--(BUSINESS WIRE)--At their regular meeting yesterday, the Board of Directors of Urstadt Biddle Properties Inc. (NYSE: UBA and UBP) approved an increase in the quarterly dividend rate declared for its Common stock and Class A Common stock. The quarterly dividend rate declared for the Common Stock was increased to $0.25 per share and the quarterly dividend rate declared for the Class A Common stock was increased to $0.28 per share, which represents an annualized increase of $0.02 per share for both classes of common stock. The $0.02 dividend increase represents the twenty-sixth consecutive year that the company has increased total dividends to its shareholders. The Common and Class A Common dividends are payable January 17, 2020 to stockholders of record on January 3, 2020. The dividends declared will represent the 200th consecutive quarterly dividend on common shares declared since the Company began operating in 1969.