Monmouth Real Estate Investment Corporation Declares Dividends

On October 1, 2010, the Board of Directors of Monmouth Real Estate Investment Corporation MNR declared its quarterly cash dividend on the Company's Common Stock of $0.15 per share payable December 15, 2010, to shareholders of record at the close of business on November 15, 2010. The Company's annual dividend rate on its Common Stock is $0.60 per share. Also on October 1, 2010, the Board of Directors declared a dividend for the period commencing September 1, 2010 and ending November 30, 2010, of $0.4766 per share on the Company's 7.625% Series A Cumulative Redeemable Preferred Stock payable December 15, 2010, to shareholders of record at the close of business on November 15, 2010. Series A preferred share dividends are cumulative and payable quarterly at an annual rate of $1.90625 per share.