Breaking News

Tweet TWEET

Monmouth Real Estate Investment Corporation Declares Common And Preferred Dividends

  Monmouth Real Estate Investment Corporation Declares Common And Preferred
                                  Dividends

PR Newswire

FREEHOLD, N.J., April 9, 2013

FREEHOLD, N.J., April 9, 2013 /PRNewswire/ --On April 9, 2013, the Board of
Directors of Monmouth Real Estate Investment Corporation (NYSE: MNR) declared
its quarterly cash dividend on the Company's Common Stock of $0.15 per share
payable June 17, 2013, to shareholders of record at the close of business on
May 15, 2013. The Company's annual dividend rate on its Common Stock is $0.60
per share.

On April 9, 2013, the Board of Directors declared a dividend for the period
commencing March 1, 2013 through May 31, 2013, of $0.4765625 per share on the
Company's 7.625% Series A Cumulative Redeemable Preferred Stock payable June
17, 2013, to shareholders of record at the close of business on May 15, 2013.
Series A preferred share dividends are cumulative and payable quarterly at an
annual rate of $1.90625 per share.

Also on April 9, 2013, the Board of Directors declared a dividend for the
period March 1, 2013 through May 31, 2013, of $0.4921875 per share on the
Company's 7.875% Series B Cumulative Redeemable Preferred Stock payable June
17, 2013, to shareholders of record at the close of business on May 15, 2013.
Series B preferred share dividends are cumulative and payable quarterly at an
annual rate of $1.96875.

Monmouth Real Estate Investment Corp., which was organized in 1968, is a
publicly owned real estate investment trust (REIT) specializing in net-leased
industrial properties subject to long-term leases primarily to investment
grade tenants. The Company is a fully integrated and self-managed real estate
company, whose property portfolio consists of seventy-two industrial
properties and one shopping center located in twenty-six states. In addition,
the Company owns a portfolio of REIT securities.

SOURCE Monmouth Real Estate Investment Corporation

Contact: Susan M. Jordan, 732-577-9996
 
Press spacebar to pause and continue. Press esc to stop.