FREEHOLD, N.J., Oct. 1, 2018 /PRNewswire/ -- On October 1, 2018, the Board of Directors of
Monmouth Real Estate Investment Corporation (NYSE: MNR) declared
its quarterly cash dividend on the Company's Common Stock of
$0.17 per share payable December 17, 2018, to shareholders of record at
the close of business on November 15,
2018. The Company's annual dividend rate on its Common Stock
is $0.68 per share.
Also on October 1, 2018, the Board
of Directors declared a dividend for the period September 1, 2018 through November 30, 2018, of $0.3828125 per share on the Company's 6.125%
Series C Cumulative Redeemable Preferred Stock payable December 17, 2018 to shareholders of record as of
the close of business on November 15,
2018. 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 world. 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 111 properties containing a total of
approximately 21.2 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