Amherst, N.Y.-based real estate investment trust (REIT) Sovran Self Storage Inc., which operates the Uncle Bob's Self Storage brand, announced a quarterly dividend of $.45 per share of common stock for the second quarter of 2012 that ended June 30.
The annualized Sovran dividend is $1.80 per share, which, based on Monday's opening share price, equates to an annual rate of approximately 3.6 percent. The dividend will be paid on July 26 to shareholders of record on July 12.
Sovran operates 446 self-storage facilities in 25 states under the Uncle Bob's name. The company is actively acquiring additional facilities.