Urstadt Biddle (UBA) Reports Q4 FFO of 28c, Misses by 3c; Raises Qtr. Dividend to 24.5c/Share, Yielding 5.19%

Urstadt Biddle Properties Inc. (NYSE: UBA) reports Q4 FFO of $0.28, 3 cents lower than the analyst estimate of $0.31. The company also raised its annual dividend by a penny to 98c/share. The quarterly dividend comes out to 24.5c/share. The dividend is payable on Jan. 21 to shareholders of record on Jan. 7. The ex-dividend date is Jan. 3. With shares of UBA closing at $18.90 today, the dividend yield moves from 5.13% to 5.19%.... Read more

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