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MONMOUTH REAL ESTATE INVESTMENT CORPORATION DECLARES DIVIDEND

 MONMOUTH REAL ESTATE INVESTMENT CORPORATION DECLARES DIVIDEND
 EATONTOWN, N.J., Oct. 15 /PRNewswire/ -- The board of directors of Monmouth Real Estate Investment Corporation (NASDAQ: MNRTA) declared its regular $.125 per share quarterly dividend payable Dec. 15, 1992, to shareholders of record Nov. 16, 1992. The company's annual dividend rate is $.50 per share. The company has paid dividends for eighteen consecutive years.
 Monmouth Real Estate Investment Corporation, which was organized in 1969, is a publicly-owned hybrid real estate investment trust which invests in both properties and mortgages. Eugene W. Landy, president, announced that the company is currently negotiating the purchases of several new properties.
 -0- 10/15/92
 /CONTACT: Rosemarie Faccone of Monmouth Real Estate Investment Corporation, 908-542-4927/
 (MNRTA) CO: Monmouth Real Estate Investment Corporation ST: New Jersey IN: SU: DIV


KD-KW -- NY079 -- 0517 10/15/92 14:27 EDT
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Publication:PR Newswire
Date:Oct 15, 1992
Words:140
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