Dividend Increase Announcement
On January 9th, STAG Industrial announced a dividend increase of 0.7%. This will increase their dividend per quarter from $0.1192 to $0.12. It is payable on April 15th for shareholders of record on March 31th. The new quarterly dividend represents an annualized dividend amount of $1.44 per share as compared to the current annualized dividend amount of $1.4304 per share.
STAG Industrial Dividend Information
Annual Dividend: $1.44
Dividend Yield: 4.57%
Dividend Growth History: 8 years
Dividend Increase Affect On More Dividends
I am currently holding 11 shares of STAG Industrial in the More Dividends portfolio. With this 0.7% increase it will add an additional $0.11 to my projected annual dividend income and this doesn’t even take into account the compounding factor!
STAG Industrial represents one of my smaller positions that I am holding. I started building this position when I first started using the RobinHood app. At the time I was just going to slowly build the position but then the share price rose quite a bit above my cost basis. So I pulled back on buying more.
Unfortunately, the share price just kept going up so I have been sitting with this small position for a couple of years now. Several times I have considered selling the shares to reinvest the money elsewhere but then I always remember that 2 of my biggest investing regrets were both when I sold stock.
Needless to say I am still holding onto the shares but would love to find an opportunity to build onto this position because it is one of the two positions that I have that pay a monthly dividend.
Regardless of how large or small, I love all dividend increases. That is how we end up with More Dividends 😉
Do you currently hold any stock in STAG Industrial? What do you think of this dividend increase? Just let me know in the comments.
As always I look forward to reading all of your comments and questions, until then….. happy investing!
-Jason from MoreDividends.com
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