Amherst, N.Y.-based real estate investment trust Sovran Self Storage Inc., which operates the Uncle Bob’s Self Storage brand, will pay its shareholders a quarterly dividend of $0.48 per share of common stock for the first quarter of 2013 that ended March 31. The dividend will be paid on April 26 to shareholders of record as of April 12.
Sovran’s annualized dividend is $1.92 per share, same as the fourth quarter of 2012.
The company’s board of directors also approved a new dividend reinvestment plan through its transfer agent, American Stock Transfer and Trust Company LLC. “We are pleased to be able to offer our shareholders a convenient way to build on their investment in Sovran Self Storage,” said Andy Gregoire, chief financial officer.
The plan will be mailed to all registered shareholders with enrollment information, company officials said.
Sovran operates 443 properties in 25 states. The company is actively acquiring additional self-storage facilities.