BUFFALO, N.Y.--(BUSINESS WIRE)-- The Board of Directors of Sovran Self Storage, Inc. (NYSE:SSS), a self storage real estate investment trust (REIT), announced today the Company’s quarterly dividend of $0.45 per share of common stock. The annualized dividend of Sovran Self Storage, Inc. is $1.80 per share which, based on today’s opening share price, equates to an annual rate of approximately 3.1%. The dividend will be paid on October 26, 2012 to Shareholders of record on October 11, 2012.
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 443 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, Vice President of Corporate Communcations
David Rogers, Chief Executive Officer
Source: Sovran Self Storage, Inc.