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Life Storage, Inc. Announces Dividend on Common Stock

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Life Storage, Inc. (NYSE: LSI) announced a quarterly dividend of $0.74 per share, with an annualized rate of $2.96, reflecting approximately 3.4% based on the current share price. The dividend is scheduled for payment on April 26, 2021, to shareholders on record as of April 14, 2021. Life Storage operates over 925 facilities across 32 states and Ontario, Canada, serving more than 500,000 customers.

Positive
  • Quarterly dividend of $0.74, reflecting a commitment to shareholders.
  • Annualized dividend yield of approximately 3.4%, attractive for income-focused investors.
Negative
  • None.

The Board of Directors of Life Storage, Inc. (NYSE:LSI), a leading national owner and operator of self-storage properties, announced today the Company’s quarterly dividend of $0.74 per share of common stock. The annualized dividend of Life Storage, Inc. is $2.96 per share that, based on today’s opening share price, equates to an annual rate of approximately 3.4%. The dividend will be paid on April 26, 2021 to Shareholders of record on April 14, 2021.

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. Located in Buffalo, New York, the Company operates more than 925 storage facilities in 32 states and Ontario, Canada. The Company serves both residential and commercial storage customers with storage units rented by month. Life Storage consistently provides responsive service to its 500,000-plus customers, making it a leader in the industry. For more information visit http://invest.lifestorage.com/.

FAQ

What is the dividend amount announced by Life Storage, Inc. for 2021?

Life Storage, Inc. announced a quarterly dividend of $0.74 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on April 26, 2021.

What is the annualized dividend rate for Life Storage, Inc.?

The annualized dividend rate is $2.96 per share.

What is the dividend yield based on the current share price for LSI?

The dividend yield is approximately 3.4% based on the current share price.

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