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BOSTON - STAG Industrial, Inc. (NYSE:STAG), a real estate investment trust specializing in industrial properties, has announced the continuation of its monthly common stock dividend at $0.124167 per share for the second quarter of 2025. With a current dividend yield of 4.63% and a 14-year streak of consecutive dividend raises, according to InvestingPro, the company maintains its commitment to shareholder returns. The declared dividends for April, May, and June will be paid in the middle of the following month after each record date.
Investors holding shares by April 30, May 30, and June 30, 2025, will be eligible for the dividends, which are scheduled for payment on May 15, June 16, and July 15, respectively. This consistent dividend payout reflects the company's ongoing financial strategy and commitment to providing value to its shareholders.
STAG Industrial's portfolio as of December 31, 2024, comprises 591 buildings across 41 states, totaling approximately 116.6 million rentable square feet. The $5.8 billion market cap company, which has achieved 8.41% revenue growth over the last twelve months, focuses on the acquisition, ownership, and operation of industrial properties throughout the United States.
While the press release contains forward-looking statements regarding the company's future plans and expectations, it also cautions that such statements are subject to risks and uncertainties that may cause actual results to differ materially. InvestingPro analysis indicates the stock is currently trading in oversold territory, though at a relatively high P/E multiple. The company's performance could be influenced by various factors, including market conditions and economic factors beyond its control. Discover more insights and 6 additional ProTips with an InvestingPro subscription, including detailed Fair Value analysis and comprehensive Pro Research Reports.
The information provided in this article is based on a press release statement from STAG Industrial, Inc. and is intended to inform shareholders and the general public about the company's dividend schedule for the upcoming quarter.
In other recent news, STAG Industrial reported fourth quarter earnings that exceeded analyst expectations. The company posted adjusted funds from operations of $0.61 per share, surpassing the consensus estimate of $0.58 per share. Revenue for the quarter was $199.3 million, above the projected $193.7 million. Net income rose to $52 million, or $0.28 per share, compared to $42.6 million, or $0.23 per share, from the same period last year. For the full year 2024, STAG achieved core funds from operations of $2.40 per share, an increase from $2.29 in 2023. In addition to its earnings report, STAG Industrial filed a new registration statement with the Securities and Exchange Commission. This filing allows the company to continue its at-the-market offering program, with $510.5 million worth of shares still available for sale. The company also updated its equity distribution agreements with several financial institutions as part of its capital management strategy.
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