Stag Industrial Announces Common And Preferred Stock Dividends

Rhea-AI Summary

On October 9, 2020, STAG Industrial declared a monthly common stock dividend of $0.120000 for Q4 2020, with record dates on October 30, November 30, and December 31, and payment dates on November 16, December 15, and January 15, 2021. The Board also declared preferred stock dividends of $0.4296875 for the Series C - 6.875% Cumulative Redeemable Preferred Stock. As of June 30, 2020, STAG's portfolio included 457 properties across 38 states, covering approximately 91.8 million rentable square feet.

Positive

• Monthly common stock dividend maintained at $0.120000.
• Preferred stock dividend of $0.4296875 showcases financial stability.
• Strong portfolio with 457 buildings across 38 states.

Negative

• None.

BOSTON, Oct. 9, 2020 /PRNewswire/ -- The Board of Directors of STAG Industrial, Inc. (the "Company") (NYSE:STAG) maintained the monthly common stock dividend at $0.120000 and declared the following fourth quarter common stock dividends: 

FOURTH QUARTER 2020 COMMON STOCK DIVIDENDS DECLARED

Month		Record Date		Payment Date		Dividend Per Share
October 2020		October 30, 2020		November 16, 2020		$0.120000
November 2020		November 30, 2020		December 15, 2020		$0.120000
December 2020		December 31, 2020		January 15, 2021		$0.120000

Additionally, the Board declared the following fourth quarter preferred stock dividends:

FOURTH QUARTER 2020 PREFERRED STOCK DIVIDENDS DECLARED

Series	Record Date	Payment Date	Dividend Per Share
Series C - 6.875% Cumulative Redeemable Preferred Stock (NYSE: STAG Pr C)	December 15, 2020	December 31, 2020	$0.4296875

About STAG Industrial, Inc.

STAG Industrial, Inc. is a real estate investment trust focused on the acquisition, ownership and operation of single-tenant, industrial properties throughout the United States. As of June 30, 2020, the Company's portfolio consists of 457 buildings in 38 states with approximately 91.8 million rentable square feet.

For additional information, please visit the Company's website at www.stagindustrial.com.

Forward-Looking Statements

This press release, together with other statements and information publicly disseminated by the Company, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, are generally identifiable by use of the words "believe," "will," "expect," "intend," "anticipate," "estimate," "should," "project" or similar expressions. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond the Company's control and which could materially affect actual results, performances or achievements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, the risk factors discussed in the Company's annual report on Form 10-K for the year ended December 31, 2019 as updated by the Company's quarterly reports on Form 10-Q. Accordingly, there is no assurance that the Company's expectations will be realized. Except as otherwise required by the federal securities laws, the Company disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

 

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SOURCE STAG Industrial, Inc.

FAQ

What is the dividend amount for STAG in Q4 2020?

STAG declared a monthly common stock dividend of $0.120000 for Q4 2020.

When will STAG's Q4 2020 dividends be paid?

The payment dates for the common stock dividends are November 16, December 15, and January 15, 2021.

What is the preferred stock dividend for STAG in Q4 2020?

The preferred stock dividend for Series C is $0.4296875.

How many properties does STAG Industrial own?

As of June 30, 2020, STAG Industrial has a portfolio of 457 properties.

What is the coverage area of STAG Industrial's portfolio?

STAG Industrial's portfolio spans across 38 states in the U.S.