April 12, 2010 (FinancialWire) – The board of Monmouth Real Estate Investment Corp. (NASDAQ: MNRTA) has declared a quarterly cash dividend on the company's common stock of $0.15 per share, payable June 15 to shareholders of record at the close of business on May 17. The company's annual dividend rate on its common stock is $0.60 per share.

The board also declared a dividend for the period beginning March 1 and ending May 31, 2010, of $0.4766 per share on Monmouth’s 7.625% series A cumulative redeemable preferred stock, payable June 15 to shareholders of record at the close of business on May 17.

Monmouth’s series A preferred share dividends are cumulative and payable quarterly at an annual rate of $1.90625 per share.

New Jersey-based Monmouth Real Estate Investment is a real estate investment trust specializing in net-leased industrial properties. The company's portfolio consists of sixty-one industrial properties and one shopping center located in twenty-five states. In addition, the company owns a portfolio of REIT securities.

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