HOLMDEL, NJ, Oct. 01, 2020 (GLOBE NEWSWIRE) -- On October 1, 2020, 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 15, 2020, to shareholders of record at the close of business on November 16, 2020. The Company’s annual dividend rate on its Common Stock is $0.68 per share.

Also on October 1, 2020, the Board of Directors declared a dividend for the period September 1, 2020 through November 30, 2020, of $0.3828125 per share on the Company’s 6.125% Series C Cumulative Redeemable Preferred Stock payable December 15, 2020 to shareholders of record as of the close of business on November 16, 2020. 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 119 properties containing a total of approximately 23.4 million rentable square feet, geographically diversified across 31 states. The Company’s occupancy rate as of this date is 99.4%.

Contact: Becky Coleridge
732-577-9996
EMAIL: mreic@mreic.com
www.mreic.reit

######

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.