UDR Keeps Dividend Steady

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Multifamily REIT UDR announced today its third-quarter dividend of $0.235 per share, the same rate it's paid for the past two quarters after raising the payout 7% from $0.22 per share.

The board of directors said the quarterly dividend is payable on October 31 to holders of record at the close of business on October 10. The payout represents the REIT's 164th consecutive quarterly dividend.

The regular dividend payment equates to a $0.94-per-share annual dividend, yielding 4% based on the closing price today of UDR's stock.

UDR Dividend Chart

UDR Dividend data by YCharts.

The article UDR Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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