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.
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SOURCE Monmouth Real Estate Investment Corporation