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Urstadt Biddle lifts quarterly dividends

Urstadt Biddle Properties Inc. increased its quarterly common stock dividend to 23.5 U.S. cents per share and its quarterly class A common stock dividend to 26.5 cents per share, equating to a 2-cent-per-share annual rate increase for both share classes.

The company will pay out the dividends Jan. 20, 2017, to stockholders of record Jan. 6, 2017.