The board of directors of Sovran Self Storage Inc., a real estate investment trust (REIT), announced the companys quarterly dividend is $.45 per share of common stock.
The annualized dividend of Sovran Self Storage is $1.80 per share, based on a Sept. 30 closing share price, and equates to an annual rate of approximately 4.7 percent. The dividend will be paid on Oct. 26 to shareholders of record on Oct. 11.
Sovran Self Storage Inc. is a self-administered and self-managed equity REIT that acquires and manages self-storage facilities. The company operates 371 facilities in 24 states under the name Uncle Bob's Self Storage.