Monmouth Real Estate Investment Declares a Set of Dividends

Monmouth Real Estate Investment (NYSE: MNR  ) has decided not to veer from its long-standing common stock dividend policy. The real estate investment trust declared a quarterly distribution for the security of $0.15 per share, which is to be paid on Dec. 16 to shareholders of record as of Nov. 15. That amount matches all of the firm's preceding payouts stretching back to March 2006. Before that, Monmouth handed out $0.145 per share.

The REIT also declared disbursements for its series A and B preferred shares. These are to be $0.4765625 and $0.4921875 per share, respectively. Both share the same record and payment dates as those of the common stock.

The just-declared common stock dividend annualizes to $0.60 per share. That yields 6.6% at Monmouth's most recent closing stock price of $9.13.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2664326, ~/Articles/ArticleHandler.aspx, 4/24/2014 1:56:34 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...