How Much Would It Take To Earn $100 A Month From STAG Industrial Stock
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STAG Industrial, Inc. (NYSE:STAG) is a real estate investment trust focused on acquiring, owning and operating industrial properties throughout the United States.
It will report its Q3 2024 earnings on October 29. Wall Street analysts expect the company to post an EPS of $0.59, unchanged from the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $189.27 million, up from $177.86 million in the year-ago period.
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The 52-week range of STAG Industrial stock price was $31.69 to $41.63.
STAG Industrial’s dividend yield is 3.83%. During the last 12 months, it paid $1.48 per share in dividends.
The Latest On STAG Industrial
On July 30, the company reported its Q2 2024 earnings, posting an adjusted EPS of $0.33, beating the consensus estimate of $0.21. However, revenues of $186.47 million missed the consensus of $187.97 million, as reported by Benzinga.
The company achieved $0.61 of Core FFO per diluted share for the quarter, an increase of 8.9% compared to the second quarter of 2023 Core FFO per diluted share of $0.56.
"STAG has delivered exceptional operating results through the first half of 2024," said Bill Crooker, President and Chief Executive Officer of the Company. "We will leverage these successful operating results and our liquidity to drive further growth this year and next."
Check out this article by Benzinga for five analysts' insights on STAG Industrial stock.
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How Can You Earn $100 Per Month As A STAG Industrial Investor?
If you want to make $100 per month—$1,200 annually—from STAG Industrial dividends, your investment value needs to be approximately $31,332, which is around 810 shares at $38.66 each.
Understanding the dividend yield calculations: When estimating, you need two key variables — the desired annual income ($1,200) and the dividend yield (3.83% in this case). So, $1,200 / 0.0383 = $31,332 to generate an income of $100 per month.
You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.
The dividend yield can change over time, as a result of fluctuating stock prices and dividend payments on a rolling basis.
For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).
In summary, income-focused investors may find STAG Industrial stock an attractive option for making a steady income of $100 per month by owning 810 shares of stock. There may be more upside as investors benefit from the company's consistent dividend hikes. STAG Industrial has raised its dividend consecutively for the last 11 years.
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This article How Much Would It Take To Earn $100 A Month From STAG Industrial Stock originally appeared on Benzinga.com