Sovran Self Storage Inc., a self-storage real estate investment trust, announced a dividend of $.45 per share of common stock for the first quarter of 2012. The annualized dividend is $1.80 per share, which, based on Tuesday's opening share price, equates to an annual rate of approximately 3.6 percent. The dividend will be paid on April 26 to shareholders on record as of April 12.
Sovran is a self-administered and self-managed equity real estate investment trust in the business of acquiring and managing self-storage facilities. The company operates 446 properties in 25 states under the name Uncle Bob's Self Storage.