Stag Industrial, Inc. (NYSE:STAG) Plans Quarterly Dividend of $0.39

Stag Industrial, Inc. (NYSE:STAG) declared a quarterly dividend on Thursday, January 8th. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.3875 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Tuesday, March 31st.

Stag Industrial has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 7 consecutive years. Stag Industrial has a dividend payout ratio of 146.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Stag Industrial to earn $2.63 per share next year, which means the company should continue to be able to cover its $1.49 annual dividend with an expected future payout ratio of 56.7%.

Stag Industrial Stock Performance

NYSE STAG opened at $37.93 on Friday. Stag Industrial has a 52-week low of $28.61 and a 52-week high of $39.73. The company has a fifty day moving average of $38.17 and a 200-day moving average of $36.83. The company has a market capitalization of $7.08 billion, a P/E ratio of 29.18 and a beta of 1.06. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.06 and a current ratio of 1.06.

Stag Industrial (NYSE:STAG) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The company had revenue of $211.12 million during the quarter, compared to the consensus estimate of $210.26 million. Stag Industrial had a return on equity of 6.84% and a net margin of 29.24%.Stag Industrial’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. As a group, equities research analysts predict that Stag Industrial will post 2.47 EPS for the current fiscal year.

Stag Industrial Company Profile

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.