Equity REIT Sovran Self Storage announced today its third-quarter dividend of $0.53 per share, the same rate it paid last quarter after raising the payout to investors 10% from $0.48 per share.
The board of directors said the quarterly dividend is payable on October 28 to holders of record at the close of business on October 14. The regular dividend payment equates to a $2.12-per-share annual dividend, yielding 2.8% based on the closing price today of Sovran Self Storage's stock.
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