Sovran Self Storage, Inc. Announces Dividend on Common Stock
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 $.63 per share of common stock. The annualized dividend of Sovran Self Storage, Inc. is $2.52 per share which, based on today's share price, equates to an annual rate of approximately 6.1%. The dividend will be paid on April 22, 2008 to Shareholders of record on April 8, 2008.
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 360 self-storage facilities in twenty-two states under the name "Uncle Bob's Self Storage"(R).
For more information, please contact David L. Rogers, CFO or Diane Piegza, VP Corporate Communications at 716-633-1850 or browse the Company's Web Site at http://www.sovranss.com.
Source: Sovran Self Storage, Inc.
Released March 13, 2008