STAG Industrial Boosts Dividend

(RTTNews) - STAG Industrial, Inc. (STAG) said Thursday that its Board of Directors has 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. The 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, for the months of January, February, and March. 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.