UDR hikes dividend by 4.8%

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 2022 in the amount of $0.38 per share, payable in cash on May 2, 2022 to UDR common stock shareholders of record as of April 11, 2022. The May 2, 2022 dividend will be the 198th consecutive quarterly dividend paid by the Company on its common stock.

As previously disclosed in February, the Company’s annualized common dividend of $1.52 per share in 2022 represents an approximate 5% increase over the annualized common dividend of $1.45 per share in 2021.