MONMOUTH REAL ESTATE DECLARES COMMON AND PREFERRED DIVIDENDS
October 01 2021 - 3:15PM
On October 1, 2021, the Board of Directors of Monmouth Real Estate
Investment Corporation (NYSE:MNR) declared its quarterly cash
dividend on the Company’s Common Stock of $0.18 per share payable
December 15, 2021, to shareholders of record at the close of
business on November 15, 2021. The Company’s annual dividend rate
on its Common Stock is $0.72 per share.
Also on October 1, 2021, the Board of Directors
declared a dividend for the period September 1, 2021 through
November 30, 2021, of $0.3828125 per share on the Company’s 6.125%
Series C Cumulative Redeemable Preferred Stock payable December 15,
2021 to shareholders of record as of the close of business on
November 15, 2021. Series C preferred share dividends are
cumulative and payable quarterly at an annual rate of $1.53125.
Monmouth Real
Estate Investment Corporation, founded in 1968, is one of the
oldest public equity REITs in the world. The Company specializes in
single tenant, net-leased industrial properties, subject to
long-term leases, primarily to investment grade
tenants. Monmouth Real Estate Investment Corporation is a
fully integrated and self-managed real estate company, whose
property portfolio consists of 122 properties containing a total of
approximately 24.9 million rentable square feet, geographically
diversified across 32 states. The Company’s occupancy rate as of
this date is 99.7%.
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Contact: Becky
Coleridge732-577-9996
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