Monmouth Real Estate Investment Corporation Declares Common and Preferred Dividends

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^{Published in Business and Finance on Thursday, January 19th 2012 at 6:55 GMT by Market Wire}  

Monmouth Real Estate Investment Corporation Declares Common and Preferred Dividends -- FREEHOLD, N.J., Jan. 19, 2012 /PRNewswire/ --

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FREEHOLD, N.J., Jan. 19, 2012 /PRNewswire/ -- On January 18, 2012, 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 March 15, 2012, to shareholders of record at the close of business on February 15, 2012.  The Company's annual dividend rate on its Common Stock is $0.60 per share. 

Also on January 18, 2012, the Board of Directors declared a dividend for the period commencing December 1, 2011 through February 29, 2012, of $0.4766 per share on the Company's 7.625% Series A Cumulative Redeemable Preferred Stock payable March 15, 2012, to shareholders of record at the close of business on February 15, 2012.  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-eight 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