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Urstadt Biddle lifts dividend rate on common shares, class A common shares

Urstadt Biddle Properties Inc.'s board increased the annualized dividend rate on the company's common shares and class A common shares by 2 cents per share.

The quarterly dividend rate for common stock and class A common stock was increased to 24 cents per share and 27 cents per share, respectively.

The company will pay the dividends Jan. 19, 2018, to stockholders of record on Jan. 5, 2018.