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8-K - FORM 8-K - MONMOUTH REAL ESTATE INVESTMENT CORP | mreic8kdividends040711.htm |
FOR IMMEDIATE RELEASE
April 7, 2011
Contact: Susan M. Jordan
732-577-9997
MONMOUTH REAL ESTATE INVESTMENT CORPORATION
DECLARES COMMON AND PREFERRED DIVIDENDS
FREEHOLD, NJ, April 7, 2011 ..On April 7, 2011, the Board of Directors of Monmouth Real Estate Investment Corporation (NYSE:MNR) declared its quarterly cash dividend on the Companys Common Stock of $0.15 per share payable June 15, 2011, to shareholders of record at the close of business on May 16, 2011. The Companys annual dividend rate on its Common Stock is $0.60 per share.
Also on April 7, 2011, the Board of Directors declared a dividend for the period commencing March 1, 2011 and ending May 31, 2011, of $0.4766 per share on the Companys 7.625% Series A Cumulative Redeemable Preferred Stock payable June 15, 2011, to shareholders of record at the close of business on May 16, 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 Companys 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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