Monmouth Real Estate Investment's Series B Preferred Stock Shares Cross 7.5% Yield Mark

In trading on Thursday, shares of Monmouth Real Estate Investment Corp's 7.875% Series B Cumulative Redeemable Preferred Stock (MNR.PRB) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.9688), with shares changing hands as low as $26.08 on the day. This compares to an average yield of 7.06% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, MNR.PRB was trading at a 5.40% premium to its liquidation preference amount, versus the average premium of 2.44% in the "Real Estate" category.

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

Performance Comparison Chart

Below is a dividend history chart for MNR.PRB, showing historical dividend payments on Monmouth Real Estate Investment Corp's 7.875% Series B Cumulative Redeemable Preferred Stock:

MNR.PRB+Dividend+History+Chart

In Thursday trading, Monmouth Real Estate Investment Corp's 7.875% Series B Cumulative Redeemable Preferred Stock ( MNR.PRB) is currently up about 0.3% on the day, while the common shares ( MNR) are up about 0.2%.

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