Sovran Self Storage Raises Dividend 10%

Before you go, we thought you'd like these...
Before you go close icon

Self-storage REIT Sovran Self Storage announced today its second-quarter dividend of $0.53 per share, a 10% increase from the payout it made to investors last quarter of $0.48 per share.

The board of directors said the quarterly dividend is payable on July 26 to the holders of record at the close of business on July 12. The REIT has made quarterly payouts to investors since 1995.

Sovran Self Storage CEO David Rogers said, "Our operating performance continues to exceed our expectations. We know the dividend is an important component of investment return and we're pleased to share some of this growth with our shareholders."

The regular dividend payment equates to a $2.12-per-share annual dividend, yielding 3.3% based on the closing price of Sovran Self Storage's stock on July 1.

SSS Dividend Chart

SSS Dividend data by YCharts. Chart does not reflect new, higher dividend announcement.


The article Sovran Self Storage Raises Dividend 10% originally appeared on

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

People are Reading