NYSE:UDRResidential REITs
UDR Shifts To Monthly Dividends And Expands Buybacks For Investors
UDR (NYSE:UDR) has shifted to monthly dividend payments, becoming the first major apartment REIT to use this payout schedule.
The company paired the change in dividend frequency with an expansion of its share repurchase program.
These moves followed Q1 results that were described as better than expected.
UDR focuses on owning and operating multifamily apartment communities, a segment that often attracts income focused investors looking for regular cash flow from real estate. The switch to...