April 12, 2010 (FinancialWire) – The board of Monmouth Real Estate Investment Corp. (NASDAQ: MNRTA) has declared a quarterly cash dividend on the company's common stock of $0.15 per share, payable June 15 to shareholders of record at the close of business on May 17. The company's annual dividend rate on its common stock is $0.60 per share.
The board also declared a dividend for the period beginning March 1 and ending May 31, 2010, of $0.4766 per share on Monmouth’s 7.625% series A cumulative redeemable preferred stock, payable June 15 to shareholders of record at the close of business on May 17.
Monmouth’s series A preferred share dividends are cumulative and payable quarterly at an annual rate of $1.90625 per share.
New Jersey-based Monmouth Real Estate Investment is a 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.
FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (http://www.financialwire.net/news-alerts/).
FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.
[hlmsmlh] [rlsttslr] [dvndsi]
