HOLMDEL, N.J., April 1, 2020 /PRNewswire/ -- On
April 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 June 15, 2020, to shareholders of record at the
close of business on May 15,
2020. The Company's annual dividend rate on its Common Stock
is $0.68 per share.
Also on April 1, 2020, the Board
of Directors declared a dividend for the period March 1, 2020 through May
31, 2020, of $0.3828125 per
share on the Company's 6.125% Series C Cumulative Redeemable
Preferred Stock payable June 15, 2020
to shareholders of record as of the close of business on
May 15, 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 116 properties containing a total of
approximately 23 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