Stag Industrial Announces Common And Preferred Stock Dividends

Rhea-AI Summary

STAG Industrial declared its monthly common stock dividend at $0.120000 for July, August, and September 2020. The record dates for these dividends are July 31, August 31, and September 30, respectively, with payment dates on August 17, September 15, and October 15, 2020. Additionally, the board announced a preferred stock dividend of $0.4296875 for Series C, payable on September 30, 2020, to shareholders of record on September 15, 2020. As of March 31, 2020, the company manages 456 industrial properties across 38 states, totaling approximately 91.8 million square feet of rentable space.

Positive

• Consistent monthly dividend of $0.120000 indicates financial stability.
• Preferred stock dividend declared reflects ongoing shareholder returns.

Negative

• None.

BOSTON, July 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 third quarter common stock dividends: 

THIRD QUARTER 2020 COMMON STOCK DIVIDENDS DECLARED
Month		Record Date		Payment Date		Dividend Per Share
July 2020		July 31, 2020		August 17, 2020		$0.120000
August 2020		August 31, 2020		September 15, 2020		$0.120000
September 2020		September 30, 2020		October 15, 2020		$0.120000

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

THIRD 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)	September 15, 2020	September 30, 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 March 31, 2020, the Company's portfolio consists of 456 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 August 2020?

The dividend amount for STAG in August 2020 is $0.120000.

When are the payment dates for STAG's third quarter dividends?

The payment dates for STAG's third quarter dividends are August 17, September 15, and October 15, 2020.

What is the record date for the preferred stock dividend for STAG?

The record date for the preferred stock dividend for STAG is September 15, 2020.

How much is the preferred stock dividend declared by STAG?

The preferred stock dividend declared by STAG is $0.4296875.

How many properties does STAG Industrial own?

As of March 31, 2020, STAG Industrial owns 456 properties.

In how many states is STAG Industrial operating?

STAG Industrial operates in 38 states.