MONMOUTH REAL ESTATE DECLARES COMMON AND PREFERRED DIVIDENDS

Rhea-AI Summary

Monmouth Real Estate Investment Corporation (NYSE: MNR) announced a quarterly cash dividend of $0.17 per share on July 1, 2020, payable on September 15, 2020. Shareholders must be on record by August 17, 2020. The annual rate is $0.68.

Additionally, a dividend of $0.3828125 per share for the Series C Preferred Stock was declared, with an annual rate of $1.53125, also payable on September 15. Monmouth focuses on single-tenant, net-leased industrial properties, boasting a portfolio of 118 properties across 31 states.

Positive

• Quarterly cash dividend of $0.17 signifies commitment to returning value to shareholders.
• Annual dividend rate of $0.68 indicates consistent income for investors.
• Strong portfolio of 118 properties enhances revenue stability.

Negative

• None.

HOLMDEL, NJ, July 01, 2020 (GLOBE NEWSWIRE) -- On July 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 September 15, 2020, to shareholders of record at the close of business on August 17, 2020. The Company’s annual dividend rate on its Common Stock is $0.68 per share.

Also on July 1, 2020, the Board of Directors declared a dividend for the period June 1, 2020 through August 31, 2020, of $0.3828125 per share on the Company’s 6.125% Series C Cumulative Redeemable Preferred Stock payable September 15, 2020 to shareholders of record as of the close of business on August 17, 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 118 properties containing a total of approximately 23.3 million rentable square feet, geographically diversified across 31 states.

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

FAQ

What is the dividend amount declared by MNR for Q3 2020?

Monmouth Real Estate Investment Corporation declared a dividend of $0.17 per share for Q3 2020.

When is the MNR dividend payable?

The MNR dividend is payable on September 15, 2020.

What is the record date for MNR dividend distribution?

The record date for the MNR dividend is August 17, 2020.

What is the annual dividend rate for MNR's Common Stock?

The annual dividend rate for MNR's Common Stock is $0.68 per share.

What is the dividend for MNR's Series C Preferred Stock?

The dividend for MNR's Series C Preferred Stock is $0.3828125 per share.