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.
The article Sovran Self Storage Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.