This 3.9%-Yielding Dividend Stock Remains a Great Buy for Passive Income
Stag Industrial (NYSE: STAG) is a great passive income producer. The industrial REIT pays a high-yielding monthly dividend (currently 3.9%) that has steadily increased. That's more than double the dividend yield of the S 500 (currently 1.5%).
That attractive payout should continue rising in the future. A big factor driving that view is the robust demand for its properties, which was evident in its second-quarter financial results.
Stag Industrial posted solid second-quarter results. Net operating income across the industrial REIT's existing portfolio grew by 5.3%, driven by rising rents. The company's long-term leases feature escalation clauses that grow its rents by 2.5% annually, providing a nice base growth rate.
Source Fool.com
STAG Industrial Inc. Stock
€37.72
1.340%
Currently there is a rather positive sentiment for STAG Industrial Inc. with 5 Buy predictions and 0 Sell predictions.
With a current price of 37.72 € STAG Industrial Inc. is right around the predicted target price of 38 €.
