Monmouth Real Estate Investment Corporation Declares Common and Preferred Dividends
January 14 2010 - 10:43AM
PR Newswire (US)
FREEHOLD, N.J., Jan. 14 /PRNewswire-FirstCall/ -- On January 13,
2010, the Board of Directors of Monmouth Real Estate Investment
Corporation (NASDAQ: MNRTA) declared its quarterly cash dividend on
the Company's Common Stock of $0.15 per share payable March 15,
2010, to shareholders of record at the close of business on
February 16, 2010. The Company's annual dividend rate on its Common
Stock is $0.60 per share. Also on January 13, 2010, the Board of
Directors declared a dividend for the period commencing December 1,
2009 and ending February 28, 2010, of $0.4766 per share on the
Company's 7.625% Series A Cumulative Redeemable Preferred Stock
payable March 15, 2010, to shareholders of record at the close of
business on February 16, 2010. Series A preferred share dividends
are cumulative and payable quarterly at an annual rate of $1.90625
per share. Monmouth Real Estate Investment Corporation, which was
organized in 1968, is a publicly-owned real estate investment trust
specializing in net-leased industrial properties. The Company's
portfolio consists of sixty industrial properties and one shopping
center located in twenty-five states. In addition, the Company owns
a portfolio of REIT securities. DATASOURCE: Monmouth Real Estate
Investment Corporation CONTACT: Susan M. Jordan, +1-732-577-9997
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