UDR initiates monthly dividend payments
UDR becomes the first residential REIT to pay dividends monthly, starting with $0.145 per share and a 4.4% annualized yield.
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Owner and manager of market-rate multifamily apartments
udr.comLast updated
In short: UDR raised its full-year 2026 guidance and transitioned to a monthly dividend model, despite facing legal challenges regarding pricing.
UDR becomes the first residential REIT to pay dividends monthly, starting with $0.145 per share and a 4.4% annualized yield.
UDR achieved best lease growth, 96.6% occupancy, improved retention, sold $360M assets, repurchased $150M stock, and launched monthly dividends.
Board authorizes increase by 25 million shares to total 30 million, over $1 billion at current prices. Effective immediately, no expiration date.
The board approved $0.145 per share monthly for Q2 2026, starting July, aligning with cash flow for shareholders.
Detailed price information for United Dominion Realty Trust (UDR-N) from The Globe and Mail including charting and trades.
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