Monmouth Real Estate Investment Corporation (NYSE:MNR) will begin trading ex-dividend on November 13, 2020. The quarterly dividend payment of $ 0.17 per share is scheduled to be paid on December 15, 2020. The dividend yield based on the latest trading day closing price was 4.57 percent. Shareholders who purchased MNR shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Monmouth Real Estate Investment Corporation recently reported third quarter financial results on August 4, 2020, after market close, the Freehold based company came out with income for the third quarter of $ 0.20 per share, from the revenue of $ 35.43 million. Street analysts expected Monmouth Real Estate Investment Corporation recently reported third quarter financial results on August 4, 2020, after market close, the Freehold based company to report income of $ 0.13 per share on revenue of $ 37.53 million for the third quarter. The bottom line results beat street analysts by $ 0.07 or 53.85 percent, at the same time, top line results fell short of analysts by $ 2.1 million or 5.6 percent.
Stock Performance
Shares of Monmouth Real Estate Investment Corporation traded up $ 0.07 or 0.47 percent on Wednesday, reaching $ 14.89 with volume of 285.10 thousand shares. Monmouth Real Estate Investment Corporation has traded high as $ 14.96 and has cracked $ 14.56 on the downward trend
The closing price of $ 14.89, representing a 76.01 % increase from the 52 week low of $ 8.42 and a 4.57 % decrease over the 52 week high of $ 15.53.
The company has a market capital of $ 1.51 billion and is part of the Real Estate sector and REIT – Industrial industry.
Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. We specialize in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. Monmouth Real Estate is a fully integrated and self-managed real estate company, whose property portfolio consists of 114 properties containing a total of approximately 22.3 million rentable square feet, geographically diversified across 30 states.
