STAG Industrial Increased Their Dividend By 0.7%
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!
Conclusion
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
Be sure and follow me on your favorite social media platform:
MoreDividendsdotcom on Facebook
@MoreDividends on Twitter
If you would like to receive an email whenever I publish a new article:
HRBS is one of the Best Recruitment Agency in Pakistan, connecting businesses with skilled professionals. We make hiring easy by helping companies find the right talent while supporting candidates in growing their careers. With a focus on quality and efficiency, we ensure the perfect fit for every role.