Sovran Self Storage, Inc. Announces Dividend on Common Stock and New Dividend Reinvestment Plan
BUFFALO, N.Y.--(BUSINESS WIRE)-- The Board of Directors of Sovran Self Storage, Inc. (NYS: SSS) , a self storage real estate investment trust (REIT), announced today the Company's quarterly dividend of $0.48 per share of common stock. The annualized dividend of Sovran Self Storage, Inc. is $1.92 per share which, based on yesterday's closing share price, equates to an annual rate of approximately 3.0%. The dividend will be paid on April 26, 2013 to Shareholders of record on April 12, 2013.
The Company also announced that its Board of Directors 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. Registered shareholders who are interested in participating will need to return the enrollment form to the transfer agent or enroll electronically at www.amstock.com. Beneficial owners of shares of the Company's common stock registered in the name of a broker, bank, or other nominee, should contact the broker, bank or nominee and request that shares are enrolled on their behalf.
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 more than 460 self storage facilities in 25 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, 716-650-6115
Vice President Corporate Communications
KEYWORDS: United States North America New York
The article Sovran Self Storage, Inc. Announces Dividend on Common Stock and New Dividend Reinvestment Plan originally appeared on Fool.com.
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