Monmouth Real Estate Declares Common And Preferred Dividends

FREEHOLD, N.J., Jan. 18, 2017 /PRNewswire/ -- On January 17, 2017, the Board of Directors of Monmouth Real Estate Investment Corporation (NYSE: MNR) ("Company") declared its quarterly cash dividend on the Company's Common Stock of $0.16 per share payable March 15, 2017, to shareholders of record at the close of business on February 15, 2017.  The Company's annual dividend rate on its Common Stock is $0.64 per share. 

On January 17, 2017, the Board of Directors also declared a quarterly dividend for the period commencing December 1, 2016 through February 28, 2017, of $0.4921875 per share on the Company's 7.875% Series B Cumulative Redeemable Preferred Stock payable March 15, 2017, to shareholders of record as of the close of business on February 15, 2017.  Series B preferred share dividends are cumulative and payable quarterly at an annual rate of $1.96875.

Also on January 17, 2017, the Board of Directors declared a quarterly dividend for the period December 1, 2016 through February 28, 2017, of $0.3828125 per share on the Company's 6.125% Series C Cumulative Redeemable Preferred Stock payable March 15, 2017, to shareholders of record as of the close of business on February 15, 2017.  Series C preferred share dividends are cumulative and payable quarterly at an annual rate of $1.53125.

Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the U.S.  The Company specializes in single-tenant, net-leased industrial properties, subject to long-term leases, primarily to investment grade tenants.  Monmouth Real Estate is a fully-integrated and self-managed real estate company, whose property portfolio consists of 100 properties containing a total of approximately 16.6 million rentable square feet, geographically diversified across 30 states.  In addition, the Company owns a portfolio of REIT securities.

SOURCE Monmouth Real Estate Investment Corporation

Related Links

http://mreic.com/