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Stock Market & Financial Investment News

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December 19, 2013
08:55 EDTSTAGSTAG Industrial raises annual dividend 5% to $1.26 per share
STAG Industrial announced that its Board of Directors approved a 5% increase in the Company's annual common stock dividend from the current annual rate of $1.20 per share to $1.26 per share. In an effort to continue its policy of sharing revenue growth with the company's stockholders, the Board anticipates evaluating its dividend policy on a quarterly basis, STAG said. This increase commences with the payment of the January common stock dividend, paid in February. The company's Board declared a monthly dividend of 10.5c per common share per month, or 31.5c per quarter, for the months of January, February, and March.
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