STAG Industrial (STAG) will raise its monthly dividend by 0.7 percent to $0.116667 per share. This follows last year's 5.3 percent dividend increase by the industrial REIT.

The company's Board of Directors voted to increase the monthly dividend by approximately 1% to $0.116667 ($1.40 annualized) per share effective January 2017. The increased monthly common stock dividend of $0.116667 per share was declared for the months of January, February and March 2017. STAG currently has a dividend yield of 6.5%.

STAG Industrial, Inc. is a real estate investment trust. The company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties throughout the United States. The company is structured as an umbrella partnership REIT, also known as an UPREIT, and owns all of its properties and conducts substantially all of its business through an Operating Partnership, controlled and managed by the company.  STAG completed its initial public offering of common stock on April 20, 2011.