Sovran Self Storage Inc., a self-storage real estate investment trust, announced a dividend of $.45 per share of common stock for the second quater of 2010. The annualized Sovran dividend is $1.80 per share, which, based on Wednesday’s closing share price, equates to an annual rate of approximately 5.2 percent. The dividend will be paid on July 26, 2010, to shareholders of record on July 12, 2010.
Sovran is a self-administered and self-managed equity REIT in the business of acquiring and managing self-storage facilities. The company operates 381 properties in 24 states under the name Uncle Bob's Self Storage.