Sovran Self Storage Inc., a self-storage real estate investment trust, announced a quarterly dividend of $.45 per share of common stock.
The annualized Sovran dividend is $1.80 per share, which, based on Monday’s closing share price, equates to an annual rate of approximately 4.9 percent. The dividend will be paid on Oct. 26, to shareholders of record on Oct. 13.
Sovran is a self-administered and self-managed equity REIT in the business of acquiring and managing self-storage facilities. The company operates 432 properties in 25 states under the name Uncle Bob's Self Storage.