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 third quarter of 2016 in the amount of $0.295 per share, payable in cash, on October 31, 2016 to UDR common stock shareholders of record as of October 11, 2016. The October 31st dividend will be the 176th consecutive quarterly dividend paid by the Company on its common stock.
UDR also announced that its Board of Directors declared a regular quarterly dividend on its Series E preferred stock for the third quarter of 2016 in the amount of $0.3322 per share. The preferred dividend is payable on October 31, 2016 to Series E preferred stock shareholders of record as of October 11, 2016.
About UDR, Inc.
UDR, Inc. (NYSE:UDR), an S&P 500 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 June 30, 2016, UDR owned or had an ownership position in 51,381 apartment homes including 3,510 homes under development or in preferred equity investments. For over 44 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 ir.udr.com.