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UNITED MOBILE HOMES, INC. DECLARES QUARTERLY DIVIDEND

 EATONTOWN, N.J., Jan. 18 /PRNewswire/ -- United Mobile Homes, Inc. (NASDAQ: UMHI), declared its regular quarterly dividend of $.075 a share payable March 15, 1993 to shareholders of record Feb. 15, 1993. Eugene W. Landy, president, stated that the new $.30 per share annual dividend rate is based on an anticipated increase in earnings for 1993. The new $.30 per share annual dividend rate represents a 50 percent increase from the prior year's $.20 dividend.
 United Mobile Homes, Inc. owns and operates 20 mobile home parks located in New Jersey, New York, Pennsylvania, Ohio and Tennessee. The company intends to acquire additional parks in 1993 and anticipates closing soon on a mobile home park in Florida.
 -0- 1/18/93
 /CONTACT: Rosemarie Faccone of United Mobile Homes, Inc., 908-389-3890/
 (UMHI)


CO: United Mobile Homes, Inc. ST: New Jersey IN: AUT SU: DIV

AH-LR -- NY046 -- 5900 01/18/93 12:59 EST
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Publication:PR Newswire
Date:Jan 18, 1993
Words:151
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