MONMOUTH REAL ESTATE DECLARES COMMON AND PREFERRED DIVIDENDS
July 01 2020 - 4:15PM
On July 1, 2020, 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
September 15, 2020, to shareholders of record at the close of
business on August 17, 2020. The Company’s annual dividend rate on
its Common Stock is $0.68 per share.
Also on July 1, 2020, the Board of Directors
declared a dividend for the period June 1, 2020 through August 31,
2020, of $0.3828125 per share on the Company’s 6.125% Series C
Cumulative Redeemable Preferred Stock payable September 15, 2020 to
shareholders of record as of the close of business on August 17,
2020. 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 118 properties
containing a total of approximately 23.3 million rentable square
feet, geographically diversified across 31 states.
Contact: Becky
Coleridge732-577-9996EMAIL: mreic@mreic.comwww.mreic.reit
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