STAG Industrial, Inc. Declares Second Quarter Dividend
03 Mai 2011 - 2:00PM
Business Wire
STAG Industrial, Inc. (the “Company”) (NYSE:STIR), a company
focused on the acquisition, ownership and management of
single-tenant industrial properties throughout the United States,
announced that yesterday its Board of Directors declared a second
quarter dividend of $0.26, payable on July 15, 2011 to all
shareholders of record on June 30, 2011. The dividend payment will
be pro-rated for the portion of the second quarter that the Company
has been in existence as a public company. On an annualized basis,
this dividend would be $1.04 per share, or an annual distribution
rate of 8.0%, based on the Company’s initial public offering
pricing of $13.00 per share.
This dividend is the Company's initial dividend following
consummation of its initial public offering. In the future, the
Company anticipates that the timing of its quarterly dividend
announcements will be normalized by the Company’s declaring any
future quarterly dividends in the middle of the last month
of the applicable quarter. The Company’s shares of common
stock are traded on the New York Stock Exchange under the ticker
symbol “STIR.”
About STAG Industrial, Inc.
STAG Industrial, Inc. is a newly formed, self-administered
and self-managed full-service real estate company focused on the
acquisition, ownership and management of single-tenant industrial
properties throughout the United States. STAG’s portfolio consists
of 91 properties in 26 states with approximately 13.9 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 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 final prospectus related to its initial public offering,
as updated by the Company’s annual and quarterly reports.
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.
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