STAG Industrial, Inc. Declares Second Quarter Dividends For Its Common Stock And Preferred Stocks
BOSTON, May 6, 2013 /PRNewswire/ -- STAG Industrial, Inc. (NYSE: STAG) (the "Company"), announced today that its Board of Directors declared a second quarter common stock dividend of $0.30 per share, payable on July 15, 2013 to all common stockholders of record on June 28, 2013. On an annualized basis, this common stock dividend equates to $1.20 per share, or an annual distribution rate of 5.4%, based on the Company's closing pricing on May 6, 2013 of $22.09 per share.
The Company's Board of Directors also declared a June 14, 2013 record date for the payment of the second quarter preferred stock dividends for its 9.0% Series A Cumulative Redeemable Preferred Stock (NYSE: STAG Pr A) and its 6.625% Series B Cumulative Redeemable Preferred Stock (NYSE: STAG Pr B). The Company confirmed that the dividend for the Series A Cumulative Redeemable Preferred Stock is $0.5625 per share, which equates to $2.25 per share on an annualized basis, and the dividend for the Series B Cumulative Redeemable Preferred Stock is $0.34505 per share (prorated for the period April 16, 2013 to June 30, 2013), which equates to $1.66 per share on an annualized basis. Both preferred stock dividends will be payable on July 1, 2013.
About STAG Industrial, Inc.
STAG Industrial, Inc. is a fully integrated, full service real estate company focused on the acquisition, ownership and management of single-tenant industrial properties throughout the United States. STAG's portfolio consists of 183 properties in 33 states with approximately 31.9 million rentable square feet.
For additional information, please visit the Company's website at www.stagindustrial.com.
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.
STAG Industrial, Inc.
Gregory W. Sullivan, Chief Financial Officer
SOURCE STAG Industrial, Inc.
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