Ex-Dividend Alert: UDR Raised Its Dividend By 4%; Will Trade Ex-Dividend on April 06, 2018

LONDON, UK / ACCESSWIRE / April 05, 2018 / Active-Investors has a free review on UDR, Inc. (NYSE: UDR) following the Company’s announcement that it will begin trading ex-dividend on April 06, 2018. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on April 05, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on UDR:

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Dividend Declared

On March 27, 2018, UDR, announced that its Board of Directors declared a regular quarterly dividend on its common stock for the first quarter of 2018 in the amount of $0.3225 per share, payable in cash, on April 30, 2018, to UDR’s common stock shareholders of record as of April 09, 2018.

UDR’s annualized and declared 2018 common dividend of $1.29 per share represents a 4% increase over the annualized and declared common dividend of $1.24 per share in 2017. The Company’s indicated dividend represents a yield of 3.67% compared to the average dividend yield of 3.80% for the financial sector. The April 30th dividend will be the 182nd consecutive quarterly dividend paid by UDR on its common stock.

Dividend Insights

UDR has a dividend payout ratio of 66.8%, which denotes that the Company distributes approximately $0.67 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

As per analysts’ estimates, UDR is forecasted to report earnings of $0.30 per share for the next years compared to the Company’s annualized dividend of $1.29 per share. One of the primary reasons for the difference between earnings and annualized dividend is that UDR is a Real Estate Investment Trust (REIT) which is structured by law to distribute at least 90% of earnings. Moreover, since REITs generate income from owning portfolios of investment real estate, they are likely to have higher depreciation charges.

Since depreciation is a non-cash charge, it does not directly impact the ability of dividend the companies can distribute. For this reason, Fund from Operations (FFO) is calculated by adding depreciation and amortization (D&A) to earnings and subtracting any gains on sales which then provides a better picture of any company’s profitability and capacity to pay and to sustain dividends. For instance, for the three months ended December 31, 2017, UDR reported net income attributable to common stockholders of $68.4 million, or $0.25 per diluted share, compared to net income of $236.7 million, or $0.88 per diluted share, for Q4 2016.

On the other hand, for the three months ended December 31, 2017, UDR’s FFO attributable to common stake holders was $137.0 million, or $0.46 per diluted share, compared to $138.5 million, or $0.47 per diluted share, in Q4 2016. The Company’s FFO number indicates that UDR should be able to comfortably cover its dividend payout from earnings.

About UDR, Inc.

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 US markets. As of December 31, 2017, UDR owned or had an ownership position in 49,728 apartment homes including 2,444 homes under development or in its Developer Capital Program – West Coast Development JV.

Stock Performance Snapshot

April 04, 2018 – At Wednesday’s closing bell, UDR’s stock was slightly up 0.92%, ending the trading session at $36.02.

Volume traded for the day: 1.76 million shares, which was above the 3-month average volume of 1.68 million shares.

Stock performance in the last month – up 6.98%

After yesterday’s close, UDR’s market cap was at $9.65 billion.

Price to Earnings (P/E) ratio was at 131.94.

The stock has a dividend yield of 3.44%.

The stock is part of the Financial sector, categorized under the REIT – Residential industry. This sector was up 0.7% at the end of the session.

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