Stag Industrial, Inc. (STAG) To Go Ex-Dividend on December 31st

Stag Industrial, Inc. (NYSE:STAG) announced a monthly dividend on Thursday, October 9th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.1242 per share by the real estate investment trust on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, December 31st.

Stag Industrial has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 7 years. Stag Industrial has a payout ratio of 146.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 $37.25 on Monday. The firm has a market cap of $6.96 billion, a P/E ratio of 28.65 and a beta of 1.06. Stag Industrial has a 52-week low of $28.61 and a 52-week high of $39.73. The business’s 50-day moving average price is $38.40 and its 200 day moving average price is $36.78. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.89.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings data 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 analysts’ expectations of $210.26 million. Stag Industrial had a return on equity of 6.84% and a net margin of 29.24%.The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the firm earned $0.60 EPS. On average, equities research analysts expect that Stag Industrial will post 2.47 earnings per share for the current year.

About Stag Industrial

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.