BUFFALO, N.Y.--(BUSINESS WIRE)--The Board of Directors of Life Storage, Inc. (NYSE:LSI) (formerly Sovran Self Storage, Inc.), a self storage real estate investment trust (REIT), announced today the Company’s quarterly dividend of $0.95 per share of common stock. The annualized dividend of Life Storage, Inc. is $3.80 per share which, based on yesterday’s closing share price, equates to an annual rate of approximately 4.4%. The dividend will be paid on October 26, 2016 to Shareholders of record on October 14, 2016.
ABOUT LIFE STORAGE, INC:
Life 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 650 self storage facilities in 29 states under the names Life Storage and Uncle Bob’s Self Storage. For more information, visit http://invest.lifestorage.com/.