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Life Storage, Inc. Announces Dividend on Common Stock
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
Life Storage, Inc. (NYSE: LSI) has declared a quarterly dividend of $1.20 per share, amounting to an annualized dividend of $4.80 per share, reflecting an annual yield of approximately 3.6%. This dividend will be distributed on April 26, 2023 to shareholders recorded by April 14, 2023. Life Storage operates over 1,150 facilities across 37 states and the District of Columbia, serving more than 675,000 customers, making it a key player in the self-storage industry.
Positive
Quarterly dividend of $1.20 per share, yielding approximately 3.6%.
Consistent service to over 675,000 customers.
Negative
None.
BUFFALO, N.Y.--(BUSINESS WIRE)--
The Board of Directors of Life Storage, Inc. (NYSE:LSI), a self-storage real estate investment trust (REIT), announced today the Company’s quarterly dividend of $1.20 per share of common stock. The annualized dividend of Life Storage, Inc. is $4.80 per share that, based on today’s opening share price, equates to an annual yield of approximately 3.6%. The dividend will be paid on April 26, 2023 to Shareholders of record on April 14, 2023.
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 1,150 storage facilities in 37 states and the District of Columbia. The Company serves both residential and commercial storage customers with storage units rented by month. Life Storage consistently provides responsive service to more than 675,000 customers, making it a leader in the industry. For more information visit http://invest.lifestorage.com/.
