Stag Industrial hikes dividend by 0.7%
On January 10, 2025, STAG Industrial (STAG) declared a new monthly dividend of $0.1242 per share. STAG has now raised its dividend 14 consecutive years.
The Board of Directors of STAG Industrial, Inc. increased the monthly common stock dividend to $0.124167 per share, which equates to an annualized dividend of $1.49 per share.
This 0.7% dividend hike matches the increases of the previous years. The dividend yield for STAG is 4.4% at a stock price of $34. The next ex-dividend date is January 31, 2024.
STAG Industrial, Inc. is a real estate investment trust. The company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties throughout the United States. The company is structured as an umbrella partnership REIT, also known as an UPREIT, and owns all of its properties and conducts substantially all of its business through an Operating Partnership, controlled and managed by the company. STAG completed its initial public offering of common stock on April 20, 2011.
