FREEHOLD, N.J., April 9 /PRNewswire-FirstCall/ -- On April 9, 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 June 15, 2010, to shareholders of record at the
close of business on May 17, 2010.
The Company's annual dividend rate on its Common Stock is
$0.60 per share.
Also on April 9, 2010, the Board
of Directors declared a dividend for the period commencing
March 1, 2010 and ending May 31, 2010, of $0.4766 per share on the Company's 7.625% Series
A Cumulative Redeemable Preferred Stock payable June 15, 2010, to shareholders of record at the
close of business on May 17, 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-one 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