Life Storage, Inc. Announces Dividend on Common Stock

Rhea-AI Summary

Life Storage, Inc. (NYSE:LSI) has declared a quarterly dividend of $0.74 per share, with an annualized dividend of $2.96. This represents an annual yield of approximately 2.8% based on the previous closing share price. The dividend will be paid on July 26, 2021 to shareholders recorded as of July 14, 2021. Life Storage, Inc. operates over 950 storage facilities across 33 states, serving more than 500,000 customers and solidifying its position as a leader in the self-storage industry.

Positive

• Quarterly dividend of $0.74 per share enhances shareholder income.
• Annual dividend of $2.96 represents a stable yield of approximately 2.8%.

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 yesterday’s closing share price, equates to an annual rate of approximately 2.8%. The dividend will be paid on July 26, 2021 to Shareholders of record on July 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 950 storage facilities in 33 states. 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/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210701005521/en/

FAQ

What is the dividend amount declared by Life Storage, Inc. (LSI)?

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

When will Life Storage, Inc. (LSI) pay the declared dividend?

The dividend will be paid on July 26, 2021.

What is the record date for the Life Storage, Inc. (LSI) dividend?

The record date for the dividend is July 14, 2021.

What is the annualized dividend of Life Storage, Inc. (LSI)?

The annualized dividend is $2.96 per share.

What is the dividend yield for Life Storage, Inc. (LSI)?

The approximate annual yield is 2.8% based on the previous closing share price.