On January 16, 2013, the Board of Directors of Monmouth Real Estate Investment Corp. declared its quarterly cash dividend on the company's common stock of $0.15 per share payable March 15, 2013, to shareholders of record at the close of business on February 15, 2013. The company's annual dividend rate on its common stock is $0.60 per share. On January 16, 2013, the Board of Directors declared a dividend for the period commencing December 1, 2012 through February 28, 2013, of $0.4765625 per share on the company's 7.625% Series A Cumulative Redeemable Preferred Stock payable March 15, 2013, to shareholders of record at the close of business on February 15, 2013. Series A preferred share dividends are cumulative and payable quarterly at an annual rate of $1.90625 per share. Also on January 16, 2013, the Board of Directors declared a dividend for the period December 1, 2012 through February 28, 2013, of $0.4921875 per share on the company's 7.875% Series B Cumulative redeemable preferred stock payable March 15, 2013, to shareholders of record at the close of business on February 15, 2013.