Real estate investment trust Sovran Self Storage Inc. will pay its shareholders a quarterly dividend of $.45 per share of common stock on April 26. To receive the dividend, shareholders must be on record as of April 11. Sovran’s annualized dividend is $1.80 per share, which, based on today's price, equates to an annual rate of approximately 4.5 percent.
Sovran is a self-administered and self-managed equity real estate investment trust in the business of acquiring and managing self-storage. The company operates 377 facilities in 24 states under the name Uncle Bob's Self Storage.