Monmouth Real Estate Investment Corporation Declares Common and Preferred Dividends

• Press Release
• Source: Monmouth Real Estate Investment Corporation
• On 11:10 am EDT, Tuesday October 6, 2009

FREEHOLD, N.J., Oct. 6 /PRNewswire-FirstCall/ -- On October 6, 2009, the Board of Directors of Monmouth Real Estate Investment Corporation (Nasdaq: MNRTA - News) declared its quarterly cash dividend on the Company's Common Stock of $0.15 per share payable December 15, 2009, to shareholders of record at the close of business on November 16, 2009. The Company's annual dividend rate on its Common Stock is $0.60 per share.

Also on October 6, 2009, the Board of Directors declared a dividend for the period commencing September 1, 2009 and ending November 30, 2009, of $0.4766 per share on the Company's 7.625% Series A Cumulative Redeemable Preferred Stock payable December 15, 2009, to shareholders of record at the close of business on November 16, 2009. 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 equity portfolio consists of fifty-eight industrial properties and one shopping center located in twenty-five states. In addition, the Company owns a portfolio of REIT securities.