FREEHOLD, N.J., Jan. 14 /PRNewswire-FirstCall/ -- On January 13, 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 March 15, 2010, to shareholders of record at the close of business on February 16, 2010. The Company's annual dividend rate on its Common Stock is $0.60 per share.
Also on January 13, 2010, the Board of Directors declared a dividend for the period commencing December 1, 2009 and ending February 28, 2010, of $0.4766 per share on the Company's 7.625% Series A Cumulative Redeemable Preferred Stock payable March 15, 2010, to shareholders of record at the close of business on February 16, 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 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