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Monmouth Real Estate Investment's Series C Preferred Stock Shares Cross 6% Yield Mark

By Preferred Stock Channel Staff, Wednesday, May 12, 3:51 PM ET

In trading on Wednesday, shares of Monmouth Real Estate Investment Corp's 6.125% Series C Cumulative Redeemable Preferred Stock (MNR.PRC) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.5312), with shares changing hands as low as $25.50 on the day. This compares to an average yield of 6.39% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, MNR.PRC was trading at a 2.24% premium to its liquidation preference amount, versus the average premium of 4.40% in the "Real Estate" category.

The chart below shows the one year performance of MNR.PRC shares, versus MNR:

Performance Comparison Chart

Below is a dividend history chart for MNR.PRC, showing historical dividend payments on Monmouth Real Estate Investment Corp's 6.125% Series C Cumulative Redeemable Preferred Stock:


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In Wednesday trading, Monmouth Real Estate Investment Corp's 6.125% Series C Cumulative Redeemable Preferred Stock (MNR.PRC) is currently down about 0.2% on the day, while the common shares (NYSE:MNR) are down about 0.8%.


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