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 the Company’s quarterly common stock dividend of $1.00 per share of common stock. The annualized dividend of Life Storage, Inc. is $4.00 per share which, based on today’s opening share price equates to an annual rate of approximately 5.3%. The dividend will be paid on July 26, 2017 to shareholders of record on July 17, 2017.
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 approximately 700 self storage facilities in 29 states. For more information, visit http://invest.lifestorage.com/.