MONMOUTH REAL ESTATE INVESTMENT CORPORATION (NYSE:MNR-B) Files An 8-K Other EventsItem 8.01 Other Events.
On October 2, 2017, the Board of Directors of Monmouth Real Estate Investment Corporation (the “Company”) approved a 6.25% increase in the Company’s quarterly common stock dividend, raising it to $0.17 per share from $0.16 per share. This dividend increase represents an annualized dividend rate of $0.68 per share.
On October 2, 2017, the Company’s Board of Directors declared a quarterly cash dividend on the Company’s common stock of $0.17 per share, payable December 15, 2017, to shareholders of record at the close of business on November 15, 2017.
On October 2, 2017, the Company’s Board of Directors also declared a quarterly cash dividend on the Company’s 6.125% Series C Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”) of $0.3828125 per share, payable December 15, 2017, to shareholders of record as of the close of business on November 15, 2017. Dividends on the Series C Preferred Stock are cumulative and payable quarterly at an annual rate of $1.53125.
Item 9.01 Financial Statements and Exhibits.
MONMOUTH REAL ESTATE INVESTMENT CORP ExhibitEX-99.1 2 ex99-1.htm MONMOUTH REAL ESTATE INVESTMENT CORPORATION JUNIPER BUSINESS PLAZA 3499 ROUTE 9 NORTH,…To view the full exhibit click here