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FREEHOLD, N.J., July 1, 2016 /PRNewswire/ -- On July 1, 2016, the Board of Directors of Monmouth Real Estate Investment Corporation (NYSE: MNR) declared its quarterly cash dividend on the Company's Common Stock of $0.16 per share payable September 15, 2016, to shareholders of record at the close of business on August 15, 2016. The Company's annual dividend rate on its Common Stock is $0.64 per share.
On July 1, 2016, the Board of Directors declared a dividend for the period commencing June 1, 2016 through August 31, 2016, of $0.4765625 per share on the Company's 7.625% Series A Cumulative Redeemable Preferred Stock payable September 15, 2016, to shareholders of record at the close of business on August 15, 2016. Series A preferred share dividends are cumulative and payable quarterly at an annual rate of $1.90625 per share.
Also on July 1, 2016, the Board of Directors declared a dividend for the period June 1, 2016 through August 31, 2016, of $0.4921875 per share on the Company's 7.875% Series B Cumulative Redeemable Preferred Stock payable September 15, 2016, to shareholders of record at the close of business on August 15, 2016. Series B preferred share dividends are cumulative and payable quarterly at an annual rate of $1.96875.
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