SHAREHOLDERS' EQUITY

3 Months Ended

Mar. 31, 2012

Stockholders Equity Note [Abstract]

SHAREHOLDERS' EQUITY

NOTE 6 - SHAREHOLDERS’ EQUITY

On March 2, 2012, the Company transferred the listing of its common and preferred stock to the New York Stock Exchange (NYSE) from the NYSE Amex. The Company has retained its stock tickers (NYSE: UMH) for the common shares and (NYSE: UMH Pr A) for the preferred shares. 

Common Stock

On March 15, 2012, the Company paid $2,809,868 of which $341,218 was reinvested, as a dividend of $.18 per share to common shareholders of record as of February 15, 2012.

During the three months ended March 31, 2012, the Company received, including dividends reinvested, a total of $5,234,763 from the Dividend Reinvestment and Stock Purchase Plan. There were 537,106 new shares issued under the Plan.

On April 17, 2012, the Company declared a dividend of $.18 per share to be paid June 15, 2012 to common shareholders of record as of May 15, 2012.

8.25% Series A Cumulative Redeemable Preferred Stock

On March 15, 2012, the Company paid $690,319 in preferred dividends or $.515625 per share to preferred shareholders of record as of February 15, 2012. Series A preferred share dividends are cumulative and payable quarterly at an annual rate of $2.0625 per share. On April 17, 2012, the Company declared a preferred dividend of $.515625 per share to be paid on June 15, 2012 to preferred shareholders of record as of May 15, 2012.

On April 10, 2012, the Company issued an additional 1,075,000 shares of its Series A Cumulative Redeemable Preferred Stock (See Note 11).