DividendUMH Properties, Inc. raised its quarterly common stock dividend, marking a 4.9% increase to $0.215 per share.
Financial PerformanceUMH's value-add acquisition strategy has positioned the company with 3,300 vacant sites on which it can place long-term rental units or can lease to owners of manufactured homes, both at profitable margins.
Market OutlookThe scarcity of affordable housing should be a tailwind for the sector for many years.