DENVER--(BUSINESS WIRE)--UDR, Inc. (NYSE: UDR), a leading multifamily real estate investment trust, today announced that its Board of Directors declared a regular quarterly dividend on its common stock for the first quarter of 2015 in the amount of $0.2775 per share, payable in cash, on April 30, 2015 to UDR common stock shareholders of record as of April 16, 2015. The April 30th dividend will be the 170th consecutive quarterly dividend paid by the Company on its common stock.
As previously announced in February, the Company’s annualized and declared common dividend of $1.11 per share for 2015 represents a 7% increase over the annualized and declared common dividend of $1.04 per share in 2014.
UDR also announced that its Board of Directors declared a regular quarterly dividend on its Series E preferred stock for the first quarter of 2015 in the amount of $0.3322 per share. The preferred dividend is payable on April 30, 2015 to Series E preferred stock shareholders of record as of April 16, 2015.
About UDR, Inc.
UDR, Inc. (NYSE: UDR), an S&P 400 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate properties in targeted U.S. markets. As of December 31, 2014 and after excluding the Company’s prior interest in its Texas Joint Venture which was sold in January 2015, UDR owned or had an ownership position in 47,934 apartment homes including 1,387 homes under development. For over 42 years, UDR has delivered long-term value to shareholders, the best standard of service to residents and the highest quality experience for associates. Additional information can be found on the Company's website at www.udr.com.