STAG Industrial, Inc. Increases Common Stock Dividend
BOSTON, Dec. 19, 2013
BOSTON, Dec. 19, 2013 /PRNewswire/ -- STAG Industrial, Inc. (the "Company")
(NYSE: STAG), a company focused on the acquisition, ownership, and management
of single-tenant industrial properties throughout the United States, announced
today that its Board of Directors approved a 5% increase in the Company's
annual common stock dividend from the current annual rate of $1.20 per share
to $1.26 per share.
(Logo: http://photos.prnewswire.com/prnh/20110907/NE63410LOGO )
In an effort to continue its policy of sharing revenue growth with the
Company's stockholders, the Board anticipates evaluatingits dividend policy
on a quarterly basis.
This increase commences with the payment of the January common stock dividend,
paid in February. The Company's Board declared a monthly dividend of $0.105
per common share per month (31.5 cents per quarter), for the months of
January, February, and March. The record and payment dates for the first
quarter 2014 are as follows:
Month Record Date Payment Date
January January 31, 2014 February 17, 2014
February February 28, 2014 March 17, 2014
March March 31, 2014 April 15, 2014
The increased common stock dividend represents an annual distribution rate of
6.3%, based on the Company's closing pricing on December 18, 2013 of $20.00
About STAG Industrial, Inc.
STAG Industrial,Inc. is a full-service real estate company focused on the
acquisition, ownership and management of single-tenant industrial properties
throughout the United States. The Company's portfolio consists of 203
properties in 34 states with approximately 36.4million rentable square feet.
For additional information, please visit the Company's website at
This press release, together with other statements and information publicly
disseminated by STAG Industrial, Inc. (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, 2012, 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.
SOURCE STAG Industrial, Inc.
Contact: STAG Industrial, Inc., Gregory W. Sullivan, Chief Financial Officer,
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