STAG Industrial Sets Q4 Dividends
Single-tenant industrial real estate investment trust STAG Industrial announced yesterday its monthly dividend for the fourth quarter of $0.10 per share. The $0.30 per share paid over the quarter is the same rate it's paid for the past three quarters after raising the payout 11% from $0.27 per share. It pays the dividend in monthly installments of $0.10 per share each and will make the payouts as follows:
|Month||Record Date||Payment Date|
|October||Oct. 31||Nov. 15|
|November||Nov. 29||Dec. 16|
|December||Dec. 31||Jan. 15, 2014|
The regular dividend payment equates to a $1.20-per-share annual dividend, yielding 6.1% based on the closing price yesterday of STAG Industrial's stock.
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