Cramer's 'Mad Money' Recap: Next Week's Game Plan
That's why Monmouth weathered the recession fairly unscathed and was able to sustain its earnings without cutting its dividend. There were no outward signs of recession at Monmouth, Landy said. The growth of Internet commerce continues to be a big driver for companies like FedEx, he said, which translates into continued earnings for Monmouth.
When asked about the possibility of a dividend increase in the future, Landy confirmed that Monmouth has many projects in its pipeline that can produce additional revenue.
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-- Written by Scott Rutt in Washington, D.C.
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