Monmouth Real Estate (MNR) Raises Quarterly Dividend 5.9% to $0.18; 4.4% Yield

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MONMOUTH REAL ESTATE INVESTMENT CORPORATION INCREASES QUARTERLY DIVIDEND BY 5.9% TO $0.18 PER SHARE

January 14, 2021 4:36 PM EST

HOLMDEL, N.J, Jan. 14, 2021 (GLOBE NEWSWIRE) -- Monmouth Real Estate Investment Corporation (NYSE: MNR) (Monmouth or the Company) today announced that its Board of Directors declared a quarterly dividend of $0.18 per share of common stock, which represents a 5.9% increase over the previous quarterly dividend of $0.17 per share and an annualized dividend rate of $0.72 per share. This dividend is payable on March 15, 2021 to stockholders of record as of the close of business on February 16, 2021. Also on January 14, 2021, the Board of Directors declared a dividend for the period December 1, 2020 through February 28, 2021 of $0.3828125 per... More