U-Store-It Trust, a real estate investment trust, declared a quarterly dividend of $0.025 per common share for the period ending Dec. 31, 2009. The dividend is payable on Jan. 22, 2010 to common shareholders of record on Jan.7, 2010.
“We are focused on maintaining liquidity in order to be in the best position to take advantage of the external growth opportunities that may become available to the company,” says CEO Dean Jernigan. “We view internally generated capital as an important funding source for growth on a leverage neutral basis. We declare our dividend on a quarterly basis and we will review our dividend payment rate in light of the economic and investment conditions at the date of each declaration in 2010.”
U-Store-It Trust is a self-administered and self-managed real estate investment trust. The company owns and manages 367 self-storage facilities around the country.
Source: CNNMoney, U-Store-It Declares Fourth Quarter 2009 Dividend