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8-K - FORM 8-K - MONMOUTH REAL ESTATE INVESTMENT CORP | mreic8k792012.htm |
FOR IMMEDIATE RELEASE
July 9, 2012
Contact: Susan M. Jordan
732-577-9997
MONMOUTH REAL ESTATE INVESTMENT CORPORATION
DECLARES COMMON AND PREFERRED DIVIDENDS
FREEHOLD, NJ, July 9, 2012 ..On July 9, 2012, 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 September 17, 2012, to shareholders of record at the close of business on August 15, 2012. The Companys annual dividend rate on its Common Stock is $0.60 per share.
On July 9, 2012, the Board of Directors declared a dividend for the period commencing June 1, 2012 through August 31, 2012, of $0.4766 per share on the Companys 7.625% Series A Cumulative Redeemable Preferred Stock payable September 17, 2012, to shareholders of record at the close of business on August 15, 2012. Series A preferred share dividends are cumulative and payable quarterly at an annual rate of $1.90625 per share.
Also on July 9, 2012, the Board of Directors declared a dividend for the period June 7, 2012 through August 31, 2012, of $0.459375 per share on the Companys 7.875% Series B Cumulative Redeemable Preferred Stock payable September 17, 2012, to shareholders of record at the close of business on August 15, 2012. Series B preferred share dividends are cumulative and payable quarterly at an annual rate of $1.96875.
Monmouth Real Estate Investment Corp., which was organized in 1968, is a publicly owned real estate investment trust (REIT) specializing in net-leased industrial properties subject to long-term leases primarily to investment grade tenants. The Companys portfolio consists of seventy 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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