Company Overview: STAG Industrial was founded in 2010 and is headquartered in Boston, Massachusetts. Basically, the company is a Real Estate Investment Trust that invests and manages real estate assets in the United States. It primarily focuses on acquiring and operating of single-tenant industrial properties. Currently, it manages around 228 buildings totaling approximately 46 million rentable square feet.
- Dividend Yield: 6.2%
- 5Yr Dividend Growth Rate: 5.4%
- Payout Ratio: 89.7%
- P/E: 15.8
- Consecutive Years of Dividend Raises: 5
- Dividend Payout: Monthly
I purchased 45 shares for the price of $22.33 adding $62.53 to my annual dividend income.
This is the 7th time I am initiating a stock acquisition this year. This transaction is my first ever purchase of STAG shares into the portfolio. Currently, STAG ownership stake represents to be around 1.2% of my current portfolio value. Also, the acquisition of STAG makes it the 37th company I am invested in.
The 12-month dividend income increased to $2,680.
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