BOSTON, Aug. 15, 2013 /PRNewswire/ -- STAG Industrial, Inc. (the "Company") (NYSE:STAG), a company focused on the acquisition, ownership, and management of single-tenant industrial properties throughout the United States, today announced that its Board of Directors has approved the increase in the frequency of the Company's common dividend payment from quarterly to monthly.
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"We are pleased to announce the move to monthly dividend payments beginning in the fourth quarter of 2013," commented Ben Butcher, STAG Industrial's chief executive officer. "We make this change principally in recognition that these dividends belong to our shareholders and should be delivered to them sooner rather than later!"
The planned schedule for the Company's monthly dividends, commencing in the fourth quarter, will be a record date of the last day of each month and payable on the fifteenth of each following month (or the next business day thereafter).
About STAG Industrial, Inc.
STAG Industrial, Inc. is a full-service real estate company focused on the acquisition, ownership and management of single-tenant industrial properties throughout the United States. The Company's portfolio consists of 196 properties in 34 states with approximately 33.6 million rentable square feet.
For additional information, please visit the Company's website at www.stagindustrial.com.
Forward-Looking Statements
This press release, together with other statements and information publicly disseminated by STAG Industrial, Inc. (the "Company"), contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, are generally identifiable by use of the words "believe," "will," "expect," "intend," "anticipate," "estimate," "should," "project" or similar expressions. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond the Company's control and which could materially affect actual results, performances or achievements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, the risk factors discussed in the Company's annual report on Form 10-K for the year ended December 31, 2012, as updated by the Company's quarterly reports on Form 10-Q. Accordingly, there is no assurance that the Company's expectations will be realized. Except as otherwise required by the federal securities laws, the Company disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
SOURCE STAG Industrial, Inc.