Sovran Self Storage, Inc. Announces Dividend On Common Stock
BUFFALO, N.Y.--(BUSINESS WIRE)-- The Board of Directors of Sovran Self Storage, Inc. (NYSE:SSS), a self storage real estate investment trust (REIT), announced today the Companys quarterly dividend of $0.45 per share of common stock. The annualized dividend of Sovran Self Storage, Inc. is $1.80 per share which, based on todays opening share price, equates to an annual rate of approximately 3.6%. The dividend will be paid on July 26, 2012 to Shareholders of record on July 12, 2012.
About Sovran Self Storage, Inc.
Sovran Self Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities. The Company operates 451 storage facilities in twenty-six states under the name "Uncle Bob's Self Storage"®. For more information visit www.unclebobs.com, like us on Facebook, or follow us on Twitter.
Sovran Self Storage, Inc.
Diane Piegza, 716-633-1850
Vice President, Corporate Communications
Source: Sovran Self Storage, Inc.Copyright Business Wire 2012