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8-K - FORM 8-K - MONMOUTH REAL ESTATE INVESTMENT CORP | mreic8k_dividends1172013.htm |
FOR IMMEDIATE RELEASE
January 17, 2013
Contact: Susan M. Jordan
732-577-9996
MONMOUTH REAL ESTATE INVESTMENT CORPORATION
DECLARES COMMON AND PREFERRED DIVIDENDS
FREEHOLD, NJ, January 17, 2013 ..On January 16, 2013, 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 March 15, 2013, to shareholders of record at the close of business on February 15, 2013. The Companys annual dividend rate on its Common Stock is $0.60 per share.
On January 16, 2013, the Board of Directors declared a dividend for the period commencing December 1, 2012 through February 28, 2013, of $0.4765625 per share on the Companys 7.625% Series A Cumulative Redeemable Preferred Stock payable March 15, 2013, to shareholders of record at the close of business on February 15, 2013. Series A preferred share dividends are cumulative and payable quarterly at an annual rate of $1.90625 per share.
Also on January 16, 2013, the Board of Directors declared a dividend for the period December 1, 2012 through February 28, 2013, of $0.4921875 per share on the Companys 7.875% Series B Cumulative Redeemable Preferred Stock payable March 15, 2013, to shareholders of record at the close of business on February 15, 2013. 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 Company is a fully integrated and self-managed real estate company, whose property portfolio consists of seventy-three industrial properties and one shopping center located in twenty-six states. In addition, the Company owns a portfolio of REIT securities.
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