Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - MONMOUTH REAL ESTATE INVESTMENT CORP | mreic8kdividends1142011.htm |
FOR IMMEDIATE RELEASE | January 14, 2011 |
Contact: Susan Jordan | |
732-577-9997 |
MONMOUTH REAL ESTATE INVESTMENT CORPORATION
DECLARES COMMON AND PREFERRED DIVIDENDS
FREEHOLD, NJ, January 14, 2011…..On January 13, 2011, the Board of Directors of Monmouth Real Estate Investment Corporation (NYSE:MNR) declared its quarterly cash dividend on the Company’s Common Stock of $0.15 per share payable March 15, 2011, to shareholders of record at the close of business on February 15, 2011. The Company’s annual dividend rate on its Common Stock is $0.60 per share.
Also on January 13, 2011, the Board of Directors declared a dividend for the period commencing December 1, 2010 and ending February 28, 2011, of $0.4766 per share on the Company’s 7.625% Series A Cumulative Redeemable Preferred Stock payable March 15, 2011, to shareholders of record at the close of business on February 15, 2011. Series A preferred share dividends are cumulative and payable quarterly at an annual rate of $1.90625 per share.
Monmouth Real Estate Investment Corp., which was organized in 1968, is a publicly-owned REIT specializing in net-leased industrial properties. The Company’s portfolio consists of sixty-four industrial properties and one shopping center located in twenty-five states. In addition, the Company owns a portfolio of REIT securities.
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