Press Releases

MREIC Declares Common and Preferred Dividends

FREEHOLD, N.J., Oct. 4, 2011 /PRNewswire/ — On October 4, 2011, the Board of Directors of Monmouth Real Estate Investment Corporation (NYSE: MNR) declared its quarterly cash dividend on the Company’s Common Stock of $0.15 per share payable December 15, 2011, to shareholders of record at the close of business on November 15, 2011.  The Company’s annual dividend rate on its Common Stock is $0.60 per share.  Also on October 4, 2011, the Board of Directors declared a dividend for the period commencing September 1, 2011 and ending November 30, 2011, of $0.4766 per share on the Company’s 7.625% Series A Cumulative Redeemable Preferred Stock payable December 15, 2011, to shareholders of record at the close of business on November 15, 2011.  Series A preferred share dividends are cumulative and payable quarterly at an annual rate of $1.90625 per share.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’s portfolio consists of sixty-five industrial properties and one shopping center located in twenty-five states.  In addition, the Company owns a portfolio of REIT securities.SOURCE Monmouth Real Estate Investment Corporation