Monmouth Real Estate Investment Corporation Declares Common And Preferred Dividends

FREEHOLD, N.J., April 5, 2016 /PRNewswire/ -- On April 5, 2016, the Board of Directors of Monmouth Real Estate Investment Corporation (NYSE: MNR) declared its quarterly cash dividend on the Company's Common Stock of $0.16 per share payable June 15, 2016, to shareholders of record at the close of business on May 16, 2016.  The Company's annual dividend rate on its Common Stock is $0.64 per share. 

On April 5, 2016, the Board of Directors declared a dividend for the period commencing March 1, 2016 through May 31, 2016, of $0.476563 per share on the Company's 7.625% Series A Cumulative Redeemable Preferred Stock payable June 15, 2016, to shareholders of record at the close of business on May 16, 2016.  Series A preferred share dividends are cumulative and payable quarterly at an annual rate of $1.90625 per share.

Also on April 5, 2016, the Board of Directors declared a dividend for the period March 1, 2016 through May 31, 2016, of $0.492188 per share on the Company's 7.875% Series B Cumulative Redeemable Preferred Stock payable June 15, 2016, to shareholders of record at the close of business on May 16, 2016.  Series B preferred share dividends are cumulative and payable quarterly at an annual rate of $1.96875.

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 Investment Corporation is a fully-integrated and self-managed real estate company, whose property portfolio consists of ninety-four properties located in twenty-nine states, containing a total of approximately 14.6 million rentable square feet.  In addition, the Company owns a portfolio of REIT securities.

SOURCE Monmouth Real Estate Investment Corporation

Related Links

http://mreic.com/