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UNITED MOBILE HOMES ANNOUNCES INCREASED EARNINGS AND PROPOSED DIVIDEND INCREASE

 UNITED MOBILE HOMES ANNOUNCES INCREASED EARNINGS
 AND PROPOSED DIVIDEND INCREASE
 EATONTOWN, N.J., July 16 /PRNewswire/ -- Eugene W. Landy, president of United Mobile Homes, Inc., announced that UMH continued to experience a rising trend of operating income combined with decreasing interest expense. These favorable results were projected to continue into 1993. UMH declared the regular quarterly dividend of $.05 a share to shareholders of record Aug. 14, 1992, payable Sept. 15, 1992. Landy will recommend to the board of directors an increase in the dividend next quarter to $.075 a quarter, or an annual rate of $.30.
 -0- 7/16/92
 /CONTACT: Rosemarie Faccone of United Mobile Homes, 908-389-3890/ CO: United Mobile Homes Inc. ST: New Jersey IN: TRN SU: DIV


AH-SM -- NY062 -- 9736 07/16/92 12:18 EDT
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Publication:PR Newswire
Date:Jul 16, 1992
Words:130
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