Life Storage, Inc. Raises Quarterly Common Stock Dividend by 16%
Life Storage, Inc. (LSI)
Last life storage, inc. earnings: 2/19 04:30 pm
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US:NYSE Investor Relations:
invest.lifestorage.com
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Source: Business Wire
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 an increase in the Company’s quarterly common stock dividend from $0.74 per share to $0.86 per share or $2.96 to $3.44 annualized. The increase is effective with the quarterly dividend to be paid on October 26, 2021 to shareholders of record on October 13, 2021. The dividend, based on yesterday’s closing share price, equates to an annual yield of 3%.“The Board is pleased to approve a 16% increase in our quarterly dividend based on our strong operating results, outlook and financial position,” said Joe Saffire, the Company’s Chief Executive Officer. “Our team and platforms are well positioned to continue generating strong cash flow to invest in our technology initiatives, operating platforms, properties and people while also returning capital to shareholders by maintaining our payout ratio.”ABOUT LIFE STORAGE, INC:Life Storage,
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