Investment Thesis
On the investors webpage of shopping center REIT, Urstadt-Biddle Properties (UBA, UBP), the phrase "uninterrupted dividends since 1969" is proudly and prominently displayed. And in the REIT's 2019 annual report, the first page boasts "50 years of uninterrupted dividends" and "26 consecutive years of increased dividends."
Sadly, the dividend growth streak has come to an end, and if we define "uninterrupted" as equating to "uncut," that streak has ended, too. Though the company paid their regular Q1 dividend, they have decided to slash their Q2 dividend by 75%,