MONMOUTH REAL ESTATE DECLARES COMMON AND PREFERRED DIVIDENDS

Rhea-AI Summary

Monmouth Real Estate Investment Corporation (NYSE:MNR) declared a quarterly cash dividend of $0.18 per share on October 1, 2021, payable on December 15, 2021, for shareholders of record as of November 15, 2021. The annual dividend rate amounts to $0.72 per share. Additionally, a dividend of $0.3828125 per share on the 6.125% Series C Cumulative Redeemable Preferred Stock was announced for the same payment date, with a cumulative annual rate of $1.53125. Monmouth maintains a high occupancy rate of 99.7% across its portfolio of 122 properties, totaling approximately 24.9 million rentable square feet.

Positive

• Quarterly cash dividend of $0.18 enhances shareholder income.
• High occupancy rate of 99.7% indicates strong property performance.

Negative

• None.

HOLMDEL, NJ, Oct. 01, 2021 (GLOBE NEWSWIRE) -- On October 1, 2021, the Board of Directors of Monmouth Real Estate Investment Corporation (NYSE:MNR) declared its quarterly cash dividend on the Company’s Common Stock of $0.18 per share payable December 15, 2021, to shareholders of record at the close of business on November 15, 2021. The Company’s annual dividend rate on its Common Stock is $0.72 per share.

Also on October 1, 2021, the Board of Directors declared a dividend for the period September 1, 2021 through November 30, 2021, of $0.3828125 per share on the Company’s 6.125% Series C Cumulative Redeemable Preferred Stock payable December 15, 2021 to shareholders of record as of the close of business on November 15, 2021. 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 122 properties containing a total of approximately 24.9 million rentable square feet, geographically diversified across 32 states. The Company’s occupancy rate as of this date is 99.7%.

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Contact: Becky Coleridge
732-577-9996

FAQ

What is the dividend amount declared by MNR?

The quarterly cash dividend declared by MNR is $0.18 per share.

When is the MNR dividend payable?

The MNR dividend is payable on December 15, 2021.

What is the record date for MNR's dividend?

The record date for MNR's dividend is November 15, 2021.

What is the annual dividend rate for MNR's common stock?

The annual dividend rate for MNR's common stock is $0.72 per share.

What is the occupancy rate of Monmouth's properties?

Monmouth Real Estate maintains a high occupancy rate of 99.7%.