STAG Industrial Announces Common And Preferred Stock Dividends

Rhea-AI Summary

STAG Industrial has announced an increase in its monthly common stock dividend to $0.120833, amounting to an annual dividend of $1.45. The first quarter 2021 dividends will be paid on three specific dates in February and March 2021: February 16 and March 15 for January and February dividends, respectively, and April 15 for March dividends. Additionally, the Company declared a preferred stock dividend of $0.4296875 for Series C, to be paid March 31, 2021. STAG Industrial operates a portfolio of 462 buildings in 38 states, totaling approximately 92.3 million rentable square feet.

Positive

• $0.120833 monthly dividend increase, indicating confidence and income for shareholders.
• Portfolio consists of 462 buildings with significant rentable square footage.

Negative

• None.

BOSTON, Jan. 11, 2021 /PRNewswire/ -- The Board of Directors of STAG Industrial, Inc. (the "Company") (NYSE:STAG) increased the monthly common stock dividend to $0.120833, which equates to an annualized dividend of $1.45, and declared the following first quarter common stock dividends: 

FIRST QUARTER 2021 COMMON STOCK DIVIDENDS DECLARED
Month		Record Date		Payment Date		Dividend Per Share
January 2021		January 29, 2021		February 16, 2021		$0.120833
February 2021		February 26, 2021		March 15, 2021		$0.120833
March 2021		March 31, 2021		April 15, 2021		$0.120833

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

FIRST QUARTER 2021 PREFERRED STOCK DIVIDENDS DECLARED
Series	Record Date	Payment Date	Dividend Per Share
Series C - 6.875% Cumulative Redeemable Preferred Stock (NYSE: STAG Pr C)	March 15, 2021	March 31, 2021	$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 September 30, 2020, the Company's portfolio consists of 462 buildings in 38 states with approximately 92.3 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 new monthly dividend amount for STAG Industrial?

The new monthly dividend for STAG Industrial is $0.120833.

When will STAG Industrial's dividends be paid in the first quarter of 2021?

Dividends will be paid on February 16, March 15, and April 15, 2021.

What is the annualized dividend for STAG Industrial?

The annualized dividend for STAG Industrial is $1.45.

What is the preferred stock dividend amount declared by STAG Industrial?

The preferred stock dividend for Series C is $0.4296875.

How many buildings does STAG Industrial own?

STAG Industrial owns 462 buildings across 38 states.