Monmouth Real Estate Declares Common And Preferred Dividends

FREEHOLD, N.J., April 4, 2017 /PRNewswire/ -- On April 4, 2017, the Board of Directors of Monmouth Real Estate Investment Corporation (NYSE: MNR) declared its quarterly cash dividend on the Company's Common Stock of $0.16 per share payable June 15, 2017, to shareholders of record at the close of business on May 15, 2017.  The Company's annual dividend rate on its Common Stock is $0.64 per share. 

On April 4, 2017, the Board of Directors also declared a dividend for the period March 1, 2017 through May 31, 2017, of $0.4921875 per share on the Company's 7.875% Series B Cumulative Redeemable Preferred Stock payable June 15, 2017, to shareholders of record at the close of business on May 15, 2017.  Series B preferred share dividends are cumulative and payable quarterly at an annual rate of $1.96875.

Also on April 4, 2017, the Board of Directors declared a dividend for the period March 1, 2017 through May 31, 2017, of $0.3828125 per share on the Company's 6.125% Series C Cumulative Redeemable Preferred Stock payable June 15, 2017 to shareholders of record as of the close of business on May 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