STAG INDUSTRIAL ANNOUNCES COMMON STOCK DIVIDENDS

Rhea-AI Summary

STAG Industrial has announced an increase in its monthly common stock dividend to $0.122500, which translates to an annualized dividend of $1.47. The first quarter dividends are scheduled with record dates on January 31, February 28, and March 31, 2023, all with payment dates on February 15, March 15, and April 17, respectively. As of September 30, 2022, STAG Industrial's portfolio includes 563 buildings across 41 states, totaling approximately 111.6 million rentable square feet.

Positive

• Monthly dividend increased to $0.122500, an annualized amount of $1.47.
• Confidence in shareholder returns indicated by consistent dividend payments.

Negative

• None.

BOSTON, Jan. 11, 2023 /PRNewswire/ -- The Board of Directors of STAG Industrial, Inc. (the "Company") (NYSE:STAG) increased the monthly common stock dividend to $0.122500, which equates to an annualized dividend of $1.47, and declared the following first quarter common stock dividends: 

FIRST QUARTER 2023 COMMON STOCK DIVIDENDS DECLARED
Month		Record Date		Payment Date		Dividend Per Share
January 2023		January 31, 2023		February 15, 2023		$0.122500
February 2023		February 28, 2023		March 15, 2023		$0.122500
March 2023		March 31, 2023		April 17, 2023		$0.122500

About STAG Industrial, Inc.

STAG Industrial, Inc. is a real estate investment trust focused on the acquisition, ownership, and operation of industrial properties throughout the United States. As of September 30, 2022, the Company's portfolio consists of 563 buildings in 41 states with approximately 111.6 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, 2021 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 dividend amount declared by STAG Industrial?

STAG Industrial has declared a new monthly dividend of $0.122500.

When is the payment date for the first quarter 2023 dividends?

The payment dates are February 15, March 15, and April 17, 2023.

What are the record dates for STAG Industrial's first quarter dividends?

The record dates are January 31, February 28, and March 31, 2023.

How much is STAG Industrial's annualized dividend?

The annualized dividend for STAG Industrial is $1.47.

Is the dividend sustainable for STAG Industrial?

The press release does not provide specific details on the sustainability of the dividend.