FREEHOLD, N.J., Jan. 17, 2019 /PRNewswire/ -- On January 16,
2019, 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 March 15, 2019, to
shareholders of record at the close of business on February 15, 2019. The Company's annual
dividend rate on its Common Stock is $0.68 per share.
Also on January 16, 2019, the
Board of Directors declared a dividend for the period December 1, 2018 through February 28, 2019, of $0.3828125 per share on the Company's 6.125%
Series C Cumulative Redeemable Preferred Stock payable March 15, 2019 to shareholders of record as of
the close of business on February 15,
2019. 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 113 properties containing a total of
approximately 21.6 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