STAG Industrial (STAG)  will raise its monthly dividend by 0.7 percent to $0.119167 per share in the first quarter of 2018. This is the first dividend hike announced by STAG since 2017.

The first increased monthly dividend will be paid on February 15, 2019 to shareholders of record on January 31, 2019. The new annualized dividend rate of $1.43 per share yields 5.4% at  a stock price of $26.33.

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.