UDR Inc. (UDR), a leading multifamily real estate investment trust (REIT), recently announced a quarterly dividend of 18 cents for the fourth quarter of 2009, payable in cash on Feb 1, 2010 to shareholders of record on Jan 15, 2010. The recent dividend payout will be the 148th consecutive quarterly dividend paid by the company.
 
The company had earlier reduced its dividend in the second quarter of 2009 from 30 cents to 18 cents to increase its liquidity amid challenging macroeconomic environment. UDR is among a select group of companies who have maintained an uninterrupted dividend payout even during recession, when most companies have suspended the same.
 
UDR is among the best-positioned multifamily apartment REITs in the U.S., with the majority of its portfolio located in California, Florida and on the Atlantic Coast. These are areas where housing costs have soared in the past few years, and despite the drop in home values, the rent vs. own spread remains high.
 
For over 37 years, the multifamily apartment company has delivered long-term value to shareholders by increasing its presence in markets where favorable job conditions, low housing affordability and favorable demand/supply ratio for multifamily housing prevail.
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