Monmouth Real Estate Investment Corporation
JUNIPER BUSINESS PLAZA
3499 ROUTE 9 NORTH, SUITE 3-D
FREEHOLD, NEW JERSEY 07728
A Public REIT Since 1968
| INTERNET: | | (732) 577-9996 | | EMAIL: |
| www.mreic.reit | | FAX: (732) 577-9981 | | mreic@mreic.com |
| FOR IMMEDIATE RELEASE | | April 2, 2019 |
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| | | Contact: Susan Jordan 732-577-9996 |
MONMOUTH REAL ESTATE DECLARES
COMMON AND PREFERRED DIVIDENDS
FREEHOLD, NJ, April 2, 2019…...On April 2, 2019, the Board of Directors of Monmouth Real Estate Investment Corporation (NYSE:MNR) declared its quarterly cash dividend on the Company’s Common Stock of $0.17 per share payable June 17, 2019, to shareholders of record at the close of business on May 15, 2019. The Company’s annual dividend rate on its Common Stock is $0.68 per share.
Also, on April 2, 2019, the Board of Directors declared a dividend for the period March 1, 2019 through May 31, 2019, of $0.3828125 per share on the Company’s 6.125% Series C Cumulative Redeemable Preferred Stock payable June 17, 2019 to shareholders of record as of the close of business on May 15, 2019. 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 113 properties containing a total of approximately 21.8 million rentable square feet, geographically diversified across 30 states. In addition, the Company owns a portfolio of REIT securities.
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