Attached files
| file | filename |
|---|---|
| 8-K - MONMOUTH REAL ESTATE INVESTMENT CORP | form8-k.htm |
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 | October 1, 2018 |
Contact: Susan Jordan 732-577-9996 |
MONMOUTH REAL ESTATE DECLARES
COMMON AND PREFERRED DIVIDENDS
FREEHOLD, NJ, OCTOBER 1, 2018…...On October 1, 2018, 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 December 17, 2018, to shareholders of record at the close of business on November 15, 2018. The Company’s annual dividend rate on its Common Stock is $0.68 per share.
Also on October 1, 2018, the Board of Directors declared a dividend for the period September 1, 2018 through November 30, 2018, of $0.3828125 per share on the Company’s 6.125% Series C Cumulative Redeemable Preferred Stock payable December 17, 2018 to shareholders of record as of the close of business on November 15, 2018. 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 111 properties containing a total of approximately 21.2 million rentable square feet, geographically diversified across 30 states. In addition, the Company owns a portfolio of REIT securities.
######