STAG Industrial, Inc. Increases Common Stock Dividend

Dec 19, 2013, 08:51 ET from STAG Industrial, Inc.

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. 

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In an effort to continue its policy of sharing revenue growth with the Company's stockholders, the Board anticipates evaluating its 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:


Record Date

Payment Date


January 31, 2014

February 17, 2014


February 28, 2014

March 17, 2014


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 per share.

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 36.4 million rentable square feet.

For additional information, please visit the Company's website at

Forward-Looking Statements

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.