 HOLMDEL, N.J, Jan. 14, 2021 GLOBE NEWSWIRE -- Monmouth Real Estate Investment Corporation NYSE: MNR Monmouth or the Company today announced that its Board of Directors declared a quarterly dividend of 0.18 per share of common stock, which represents a 5.9 increase over the previous quarterly dividend of 0.17 per share and an annualized dividend rate of 0.72 per share. This dividend is payable on March 15, 2021 to stockholders of record as of the close of business on February 16, 2021. Also on January 14, 2021, the Board of Directors declared a dividend for the period December 1, 2020 through February 28, 2021 of 0.3828125 per share on the Companys 6.125 Series C Cumulative Redeemable Preferred Stock payable March 15, 2021 to stockholders of record as of the close of business on February 16, 2021. Series C preferred share dividends are cumulative and payable quarterly at an annual rate of 1.53125. 