Dividends4Life: Top Monthly Dividend Stocks Include Stag Industrial, Inc.

Dividend Growth Stocks News

Top monthly dividend stocks to buy during the COVID-19 pandemic include Stag Industrial, Inc. (NYSE: STAG). Stag Industrial, Inc. is a real estate investment trust (REIT) which operates throughout the United States and focuses on the acquisition, ownership and operation of single-tenant, industrial properties. The company currently owns 450 buildings in 38 states with approximately 91.4 million rentable square feet.

Stag has achieved income and revenue growth despite the economic crisis. The performance is a testament to the company’s reliability. For the second quarter of 2020, Stag produced Cash Net Operating Income of $96.6 million, an increase of 24.5% compared to $77.6 million in the second quarter of 2019. The large second-quarter increase largely can be attributed to the fact that Stag acquired nine new buildings in the first quarter of 2020, in addition to selling three buildings.

Source: Dividend Investor

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