Stag Industrial, Inc. Declares Dividend on Common Stock for the Months of January, February and March 2019, Payable on February 15, 2019, March 15, 2019 and April 15, 2019 Respectively; Declares Preferred Dividend for the First Quarter of 2019, Payable on April 1, 2019
January 10, 2019 at 09:05 pm
Share
STAG Industrial, Inc. announced that the board of directors declared a monthly common stock dividend of $0.119167 per share for the months of January, February and March 2019. Record Dates are January 31, 2019, February 28, 2019 and March 29, 2019 respectively.
For the first quarter of 2018, the company declared a preferred dividend of $0.4296875 per share of Series C - 6.875% cumulative redeemable preferred stock. The record date is March 15, 2019 and payable date is April 1, 2019.
STAG Industrial, Inc. is a real estate investment trust (REIT), which is focused on the acquisition, ownership and operation of industrial properties throughout the United States. The Companyâs is designed to identify properties for acquisition that offer relative value across all locations, industrial property types, and tenants through the principled application of its risk assessment model. Its primary business objectives are to own and operate a balanced and diversified portfolio of binary risk investments that maximize cash flows available for distribution to its stockholders, and to enhance stockholder value over time by achieving sustainable long-term growth in distributable cash flow from operations per share. The Company owns approximately 569 buildings in 41 states with 112.3 million rentable square feet, consisting of approximately 493 warehouse/distribution buildings, 70 light manufacturing buildings, one flex/office building, and five value add portfolio buildings.
Stag Industrial, Inc. Declares Dividend on Common Stock for the Months of January, February and March 2019, Payable on February 15, 2019, March 15, 2019 and April 15, 2019 Respectively; Declares Preferred Dividend for the First Quarter of 2019, Payable on April 1, 2019