BUFFALO, N.Y.--(BUSINESS WIRE)--The Board of Directors of Life Storage, Inc. (NYSE:LSI), a self storage real estate investment trust (REIT), announced today an increase in the Company’s quarterly common stock dividend from $0.95 per share to $1.00 per share or $3.80 to $4.00 annualized. The increase is effective with the quarterly dividend to be paid on April 26, 2017 to shareholders of record on April 18, 2017. The dividend, based on yesterday’s closing share price equates to an annual yield of approximately 4.8%.
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. For more information, visit http://invest.lifestorage.com/.