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.
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